Wexford Capital LP acquired a new stake in United States Steel Co. (NYSE:X - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 151,140 shares of the basic materials company's stock, valued at approximately $5,340,000. United States Steel accounts for approximately 1.3% of Wexford Capital LP's portfolio, making the stock its 17th biggest holding. Wexford Capital LP owned about 0.07% of United States Steel at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Rothschild Investment LLC acquired a new position in shares of United States Steel during the 2nd quarter worth $26,000. Palouse Capital Management Inc. acquired a new stake in shares of United States Steel in the 3rd quarter worth approximately $35,000. Gladius Capital Management LP purchased a new position in United States Steel in the 3rd quarter valued at approximately $39,000. Blue Trust Inc. raised its holdings in United States Steel by 339.0% during the second quarter. Blue Trust Inc. now owns 1,001 shares of the basic materials company's stock worth $41,000 after purchasing an additional 773 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in United States Steel during the second quarter worth $46,000. 81.92% of the stock is currently owned by hedge funds and other institutional investors.
United States Steel Stock Down 1.0 %
Shares of United States Steel stock traded down $0.40 on Friday, hitting $38.45. 4,064,268 shares of the company's stock traded hands, compared to its average volume of 5,505,580. The company has a quick ratio of 1.08, a current ratio of 1.67 and a debt-to-equity ratio of 0.35. United States Steel Co. has a 52-week low of $26.92 and a 52-week high of $50.20. The stock has a market cap of $8.66 billion, a P/E ratio of 25.30 and a beta of 1.83. The firm's 50-day moving average is $38.27 and its 200 day moving average is $37.97.
United States Steel (NYSE:X - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.15. United States Steel had a net margin of 2.41% and a return on equity of 6.01%. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the previous year, the business earned $1.36 earnings per share. The firm's revenue was down 13.0% compared to the same quarter last year. Equities analysts anticipate that United States Steel Co. will post 2.19 earnings per share for the current year.
United States Steel Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Monday, November 11th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Friday, November 8th. United States Steel's dividend payout ratio (DPR) is 13.16%.
Analysts Set New Price Targets
X has been the topic of a number of recent research reports. Glj Research raised United States Steel from a "sell" rating to a "buy" rating and set a $38.57 target price on the stock in a research note on Monday, September 9th. Morgan Stanley boosted their price objective on shares of United States Steel from $48.00 to $49.00 and gave the company an "overweight" rating in a research report on Thursday, August 15th. JPMorgan Chase & Co. raised United States Steel from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $40.00 to $42.00 in a research report on Monday, September 9th. Jefferies Financial Group lowered their price target on United States Steel from $47.00 to $41.00 and set a "buy" rating for the company in a report on Thursday, September 5th. Finally, BNP Paribas upgraded shares of United States Steel from a "neutral" rating to an "outperform" rating and set a $40.00 target price for the company in a report on Friday, September 6th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, United States Steel currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.80.
Check Out Our Latest Report on X
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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