Ancora Advisors LLC Invests $16.36 Million in United States Steel Co. (NYSE:X)

Ancora Advisors LLC bought a new position in shares of United States Steel Co. (NYSE:X - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 481,250 shares of the basic materials company's stock, valued at approximately $16,358,000. Ancora Advisors LLC owned approximately 0.21% of United States Steel as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Aristeia Capital L.L.C. raised its stake in shares of United States Steel by 36.9% in the 4th quarter. Aristeia Capital L.L.C. now owns 13,555 shares of the basic materials company's stock valued at $461,000 after buying an additional 3,655 shares in the last quarter. Absolute Gestao de Investimentos Ltda. bought a new stake in United States Steel in the fourth quarter valued at about $1,632,000. Mercer Global Advisors Inc. ADV raised its position in United States Steel by 13.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 17,505 shares of the basic materials company's stock worth $595,000 after purchasing an additional 2,079 shares in the last quarter. Electron Capital Partners LLC bought a new position in United States Steel during the fourth quarter worth about $12,363,000. Finally, Northern Trust Corp boosted its holdings in United States Steel by 26.5% during the fourth quarter. Northern Trust Corp now owns 1,994,447 shares of the basic materials company's stock valued at $67,791,000 after purchasing an additional 418,109 shares in the last quarter. 81.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

X has been the subject of a number of recent research reports. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $38.00 target price (down from $43.00) on shares of United States Steel in a report on Wednesday, April 16th. Bank of America initiated coverage on United States Steel in a report on Monday, January 6th. They set a "neutral" rating and a $35.00 price objective for the company. Jefferies Financial Group reduced their target price on shares of United States Steel from $45.00 to $40.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. BMO Capital Markets reiterated a "market perform" rating and set a $45.00 target price on shares of United States Steel in a research report on Monday, March 31st. Finally, Morgan Stanley boosted their price target on shares of United States Steel from $35.00 to $38.00 and gave the company an "equal weight" rating in a research report on Monday. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, United States Steel currently has a consensus rating of "Hold" and a consensus target price of $39.22.

United States Steel Price Performance

NYSE:X traded down $1.15 during mid-day trading on Monday, reaching $42.90. 3,893,312 shares of the company were exchanged, compared to its average volume of 5,522,513. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36. The stock has a market cap of $9.71 billion, a PE ratio of 28.79, a PEG ratio of 1.53 and a beta of 1.79. United States Steel Co. has a 12 month low of $26.92 and a 12 month high of $46.18. The company has a fifty day moving average of $41.10 and a 200 day moving average of $38.34.

United States Steel (NYSE:X - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.04). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same period last year, the company earned $0.82 earnings per share. United States Steel's revenue for the quarter was down 10.4% compared to the same quarter last year. On average, research analysts anticipate that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Monday, May 12th will be paid a $0.05 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.47%. United States Steel's dividend payout ratio (DPR) 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.