Quadrature Capital Ltd bought a new stake in United States Steel Co. (NYSE:X) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 104,780 shares of the basic materials company’s stock, valued at approximately $3,689,000. Quadrature Capital Ltd owned approximately 0.06% of United States Steel at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. grew its position in shares of United States Steel by 0.8% in the 4th quarter. BlackRock Inc. now owns 14,848,328 shares of the basic materials company’s stock valued at $522,514,000 after acquiring an additional 116,386 shares during the period. Amerigo Asset Management bought a new position in shares of United States Steel in the 3rd quarter valued at about $158,558,000. Bank of New York Mellon Corp grew its position in shares of United States Steel by 2.7% in the 4th quarter. Bank of New York Mellon Corp now owns 2,023,402 shares of the basic materials company’s stock valued at $71,203,000 after acquiring an additional 53,069 shares during the period. Jennison Associates LLC grew its position in shares of United States Steel by 8.3% in the 3rd quarter. Jennison Associates LLC now owns 1,016,750 shares of the basic materials company’s stock valued at $26,090,000 after acquiring an additional 77,905 shares during the period. Finally, Parametric Portfolio Associates LLC grew its position in shares of United States Steel by 6.5% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 790,965 shares of the basic materials company’s stock valued at $20,296,000 after acquiring an additional 48,143 shares during the period. 66.01% of the stock is owned by institutional investors and hedge funds.
In other United States Steel news, VP Colleen M. Darragh sold 1,060 shares of United States Steel stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $37.85, for a total value of $40,121.00. Following the completion of the sale, the vice president now owns 18,076 shares in the company, valued at approximately $684,176.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David B. Burritt sold 6,936 shares of United States Steel stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $39.95, for a total transaction of $277,093.20. Following the completion of the sale, the chief executive officer now owns 179,567 shares of the company’s stock, valued at approximately $7,173,701.65. The disclosure for this sale can be found here. Insiders sold a total of 163,746 shares of company stock valued at $6,193,464 in the last quarter. Corporate insiders own 1.00% of the company’s stock.
Shares of United States Steel Co. (X) opened at $43.52 on Friday. The company has a market cap of $7,559.46, a PE ratio of 22.39, a P/E/G ratio of 1.35 and a beta of 3.08. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.11 and a current ratio of 1.75. United States Steel Co. has a twelve month low of $18.55 and a twelve month high of $46.82.
United States Steel (NYSE:X) last issued its quarterly earnings data on Wednesday, January 31st. The basic materials company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.09. United States Steel had a net margin of 3.16% and a return on equity of 12.56%. The business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the previous year, the company earned $0.27 EPS. The business’s revenue was up 18.2% on a year-over-year basis. analysts forecast that United States Steel Co. will post 3.98 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 9th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.46%. The ex-dividend date is Thursday, February 8th. United States Steel’s dividend payout ratio (DPR) is 9.17%.
X has been the subject of a number of analyst reports. ValuEngine raised shares of United States Steel from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Longbow Research raised shares of United States Steel from a “neutral” rating to a “buy” rating in a report on Wednesday, December 20th. Bank of America set a $46.00 target price on shares of United States Steel and gave the stock a “buy” rating in a report on Monday, January 8th. Argus reaffirmed a “buy” rating and set a $52.00 target price (up previously from $41.00) on shares of United States Steel in a report on Wednesday. Finally, Cowen reaffirmed a “hold” rating and set a $40.00 target price on shares of United States Steel in a report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. United States Steel has a consensus rating of “Hold” and an average price target of $35.27.
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United States Steel Company Profile
United States Steel Corporation is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular).
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