Vontobel Holding Ltd. lowered its position in United States Steel Co. (NYSE:X - Free Report) by 48.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,762 shares of the basic materials company's stock after selling 9,209 shares during the quarter. Vontobel Holding Ltd.'s holdings in United States Steel were worth $332,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. purchased a new stake in shares of United States Steel during the 4th quarter worth approximately $27,000. ORG Wealth Partners LLC purchased a new stake in shares of United States Steel during the 4th quarter worth approximately $30,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of United States Steel during the 4th quarter worth approximately $34,000. Gladius Capital Management LP purchased a new stake in shares of United States Steel during the 3rd quarter worth approximately $39,000. Finally, Byrne Asset Management LLC lifted its position in shares of United States Steel by 4,680.0% during the 4th quarter. Byrne Asset Management LLC now owns 1,195 shares of the basic materials company's stock worth $41,000 after buying an additional 1,170 shares during the last quarter. Hedge funds and other institutional investors own 81.92% of the company's stock.
United States Steel Stock Performance
X traded down $1.00 during trading on Friday, hitting $36.93. The stock had a trading volume of 4,227,529 shares, compared to its average volume of 7,901,716. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. United States Steel Co. has a twelve month low of $26.92 and a twelve month high of $48.13. The firm has a market capitalization of $8.32 billion, a P/E ratio of 24.78, a PEG ratio of 1.58 and a beta of 1.86. The company's 50-day moving average price is $35.21 and its 200 day moving average price is $36.91.
United States Steel (NYSE:X - Get Free Report) last posted its quarterly 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 return on equity of 4.27% and a net margin of 2.46%. On average, equities research analysts forecast that United States Steel Co. will post 1.43 EPS for the current fiscal year.
United States Steel Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Monday, February 10th will be given a $0.05 dividend. The ex-dividend date is Monday, February 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.54%. United States Steel's dividend payout ratio is presently 13.42%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on X shares. Bank of America started coverage on shares of United States Steel in a report on Monday, January 6th. They issued a "neutral" rating and a $35.00 target price on the stock. Morgan Stanley reaffirmed an "equal weight" rating and issued a $39.00 target price on shares of United States Steel in a report on Monday, February 3rd. BMO Capital Markets cut their target price on shares of United States Steel from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, December 20th. Jefferies Financial Group cut their target price on shares of United States Steel from $45.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. cut their target price on shares of United States Steel from $44.00 to $40.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $39.82.
Check Out Our Latest Stock Report on United States Steel
United States Steel Profile
(
Free Report)
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.
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