Geode Capital Management LLC lifted its position in shares of United States Steel Co. (NYSE:X) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,477,929 shares of the basic materials company’s stock after acquiring an additional 23,879 shares during the period. Geode Capital Management LLC owned approximately 0.84% of United States Steel worth $52,008,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of X. Oakbrook Investments LLC lifted its stake in United States Steel by 14.0% in the 4th quarter. Oakbrook Investments LLC now owns 12,600 shares of the basic materials company’s stock valued at $443,000 after purchasing an additional 1,550 shares during the last quarter. Amalgamated Bank lifted its stake in United States Steel by 6.0% in the 4th quarter. Amalgamated Bank now owns 35,238 shares of the basic materials company’s stock valued at $1,240,000 after purchasing an additional 2,001 shares during the last quarter. US Bancorp DE lifted its stake in United States Steel by 81.2% in the 4th quarter. US Bancorp DE now owns 4,563 shares of the basic materials company’s stock valued at $160,000 after purchasing an additional 2,045 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in United States Steel by 32.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 8,813 shares of the basic materials company’s stock valued at $226,000 after purchasing an additional 2,148 shares during the last quarter. Finally, Van ECK Associates Corp lifted its stake in United States Steel by 0.9% in the 3rd quarter. Van ECK Associates Corp now owns 294,125 shares of the basic materials company’s stock valued at $7,547,000 after purchasing an additional 2,611 shares during the last quarter. 68.27% of the stock is owned by institutional investors.
Several research firms have recently issued reports on X. Axiom Securities raised shares of United States Steel from a “sell” rating to a “hold” rating and dropped their price target for the company from $41.83 to $18.55 in a research note on Monday, December 11th. Longbow Research raised shares of United States Steel from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 20th. ValuEngine raised shares of United States Steel from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Cowen reaffirmed a “hold” rating and set a $40.00 price target on shares of United States Steel in a research note on Thursday, January 4th. Finally, Bank of America set a $46.00 price target on shares of United States Steel and gave the company a “buy” rating in a research note on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company. United States Steel has an average rating of “Hold” and an average price target of $40.11.
In other United States Steel news, CEO David B. Burritt sold 36,072 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $39.95, for a total value of $1,441,076.40. Following the completion of the sale, the chief executive officer now directly owns 166,411 shares in the company, valued at $6,648,119.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard Fruehauf sold 1,594 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $45.05, for a total transaction of $71,809.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 114,895 shares of company stock valued at $4,742,234. 1.01% of the stock is currently owned by corporate insiders.
Shares of X traded down $2.12 during trading hours on Friday, hitting $34.49. 15,810,510 shares of the stock were exchanged, compared to its average volume of 13,040,351. United States Steel Co. has a fifty-two week low of $18.55 and a fifty-two week high of $47.64. The company has a quick ratio of 1.11, a current ratio of 1.75 and a debt-to-equity ratio of 0.81. The stock has a market cap of $6,066.20, a PE ratio of 17.78, a price-to-earnings-growth ratio of 0.92 and a beta of 2.97.
United States Steel (NYSE:X) last posted its quarterly earnings data on Wednesday, January 31st. The basic materials company reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the prior year, the company posted $0.27 earnings per share. United States Steel’s revenue for the quarter was up 18.2% compared to the same quarter last year. sell-side analysts anticipate that United States Steel Co. will post 4.67 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 9th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Thursday, February 8th. United States Steel’s dividend payout ratio (DPR) is presently 10.31%.
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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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