Vestcor Inc Has $187,000 Position in United States Steel Co. (NYSE:X)

Vestcor Inc cut its position in shares of United States Steel Co. (NYSE:X - Free Report) by 89.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,503 shares of the basic materials company's stock after selling 44,497 shares during the quarter. Vestcor Inc's holdings in United States Steel were worth $187,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of X. D.A. Davidson & CO. grew its stake in United States Steel by 0.7% in the third quarter. D.A. Davidson & CO. now owns 44,450 shares of the basic materials company's stock valued at $1,570,000 after purchasing an additional 301 shares in the last quarter. Captrust Financial Advisors grew its stake in United States Steel by 4.8% in the third quarter. Captrust Financial Advisors now owns 7,012 shares of the basic materials company's stock valued at $248,000 after purchasing an additional 321 shares in the last quarter. CIBC Asset Management Inc grew its stake in United States Steel by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 6,880 shares of the basic materials company's stock valued at $234,000 after purchasing an additional 366 shares in the last quarter. Moors & Cabot Inc. grew its stake in United States Steel by 5.0% in the third quarter. Moors & Cabot Inc. now owns 8,005 shares of the basic materials company's stock valued at $283,000 after purchasing an additional 380 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in United States Steel by 50.0% in the fourth quarter. GAMMA Investing LLC now owns 1,326 shares of the basic materials company's stock valued at $45,000 after purchasing an additional 442 shares in the last quarter. 81.92% of the stock is currently owned by institutional investors.

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United States Steel Price Performance

Shares of NYSE:X traded down $0.16 during trading on Friday, reaching $40.90. 4,921,020 shares of the company traded hands, compared to its average volume of 4,940,853. The company's 50 day moving average is $37.88 and its two-hundred day moving average is $36.77. The firm has a market capitalization of $9.21 billion, a PE ratio of 27.45, a PEG ratio of 1.53 and a beta of 1.86. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36. United States Steel Co. has a 52 week low of $26.92 and a 52 week high of $43.35.

United States Steel (NYSE:X - Get Free Report) last released its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. As a group, sell-side analysts predict that United States Steel Co. will post 1.43 earnings per share for the current year.

United States Steel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.49%. United States Steel's dividend payout ratio (DPR) is currently 13.42%.

Analyst Ratings Changes

X has been the subject of a number of recent analyst reports. Jefferies Financial Group cut their price objective on United States Steel from $45.00 to $40.00 and set a "buy" rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. raised their price objective on United States Steel from $40.00 to $43.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Morgan Stanley raised their price objective on United States Steel from $39.00 to $43.00 and gave the company an "equal weight" rating in a research report on Friday, March 7th. Bank of America initiated coverage on United States Steel in a research report on Monday, January 6th. They issued a "neutral" rating and a $35.00 price objective for the company. Finally, BMO Capital Markets raised their price objective on United States Steel from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, United States Steel currently has an average rating of "Moderate Buy" and an average price target of $41.32.

United States Steel Company Profile

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.