United States Steel Co. (NYSE:X) Shares Sold by Diametric Capital LP

Diametric Capital LP reduced its stake in United States Steel Co. (NYSE:X) by 53.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,673 shares of the basic materials company’s stock after selling 31,331 shares during the period. Diametric Capital LP’s holdings in United States Steel were worth $941,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in X. Vanguard Group Inc. grew its holdings in shares of United States Steel by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 20,558,732 shares of the basic materials company’s stock worth $698,791,000 after purchasing an additional 186,994 shares during the last quarter. Norges Bank acquired a new stake in shares of United States Steel in the fourth quarter valued at approximately $130,731,000. Geode Capital Management LLC grew its position in shares of United States Steel by 1.0% during the third quarter. Geode Capital Management LLC now owns 3,839,684 shares of the basic materials company’s stock worth $135,691,000 after acquiring an additional 37,528 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of United States Steel by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,635,715 shares of the basic materials company’s stock valued at $89,588,000 after acquiring an additional 35,007 shares during the period. Finally, Holocene Advisors LP purchased a new stake in United States Steel in the 3rd quarter valued at $51,620,000. Institutional investors and hedge funds own 81.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Bank of America initiated coverage on 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 increased their target price on shares of United States Steel from $39.00 to $43.00 and gave the company an “equal weight” rating in a report on Friday, March 7th. Jefferies Financial Group decreased their target price on United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. lifted their price objective on United States Steel from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $45.00 price objective on shares of United States Steel in a research note on Monday. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, United States Steel presently has a consensus rating of “Moderate Buy” and an average target price of $41.32.

United States Steel Stock Performance

X stock opened at $42.30 on Tuesday. The stock’s fifty day moving average is $38.64 and its two-hundred day moving average is $37.26. The stock has a market capitalization of $9.58 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 1.53 and a beta of 1.86. 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 1 year low of $26.92 and a 1 year high of $44.87.

United States Steel (NYSE:X) last posted its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) EPS for the quarter, missing the consensus estimate 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, research analysts predict that United States Steel Co. will post 1.43 EPS for the current year.

United States Steel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, February 10th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, February 10th. This represents a $0.20 annualized dividend and a yield of 0.47%. United States Steel’s dividend payout ratio is currently 13.42%.

United States Steel 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.