AlphaQuest LLC Has $230,000 Stock Holdings in United States Steel Co. (NYSE:X)

AlphaQuest LLC decreased its stake in shares of United States Steel Co. (NYSE:X) by 75.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,778 shares of the basic materials company’s stock after selling 20,470 shares during the quarter. AlphaQuest LLC’s holdings in United States Steel were worth $230,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Callan Family Office LLC acquired a new position in shares of United States Steel during the 4th quarter worth about $214,000. Raymond James Financial Inc. acquired a new position in United States Steel during the fourth quarter worth approximately $2,844,000. Arizona State Retirement System raised its stake in United States Steel by 0.8% in the fourth quarter. Arizona State Retirement System now owns 65,288 shares of the basic materials company’s stock valued at $2,219,000 after buying an additional 544 shares during the period. Proficio Capital Partners LLC bought a new stake in United States Steel in the fourth quarter valued at approximately $2,107,000. Finally, M&T Bank Corp boosted its stake in shares of United States Steel by 19.0% during the 4th quarter. M&T Bank Corp now owns 13,878 shares of the basic materials company’s stock worth $472,000 after acquiring an additional 2,219 shares during the period. Institutional investors own 81.92% of the company’s stock.

United States Steel Stock Up 3.8 %

NYSE X opened at $38.94 on Friday. The company has a market cap of $8.77 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 1.53 and a beta of 1.86. United States Steel Co. has a 1-year low of $26.92 and a 1-year high of $43.35. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average of $37.09 and a 200-day moving average of $36.65.

United States Steel (NYSE:X) 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%. On average, equities research analysts expect that United States Steel Co. will post 1.43 earnings per share for the current fiscal year.

United States Steel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, February 10th. United States Steel’s payout ratio is presently 13.42%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on X shares. JPMorgan Chase & Co. raised their price target on United States Steel from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Jefferies Financial Group reduced their target price on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a report on Monday, January 6th. Bank of America assumed coverage on shares of United States Steel in a report on Monday, January 6th. They issued a “neutral” rating and a $35.00 price target on the stock. BMO Capital Markets reduced their price objective on United States Steel from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, December 20th. Finally, Morgan Stanley increased their target price on United States Steel from $39.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Friday, March 7th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, United States Steel has an average rating of “Moderate Buy” and an average price target of $40.70.

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.