Cantor Fitzgerald L. P. Invests $325,000 in United States Steel Co. (NYSE:X)

Cantor Fitzgerald L. P. purchased a new position in shares of United States Steel Co. (NYSE:X - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,000 shares of the basic materials company's stock, valued at approximately $325,000.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in United States Steel during the 4th quarter worth $130,731,000. Forest Avenue Capital Management LP acquired a new position in United States Steel during the 4th quarter valued at about $50,795,000. Dimensional Fund Advisors LP increased its position in United States Steel by 11.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,291,906 shares of the basic materials company's stock valued at $315,790,000 after acquiring an additional 929,762 shares during the period. T. Rowe Price Investment Management Inc. acquired a new stake in United States Steel in the fourth quarter worth about $27,145,000. Finally, Alyeska Investment Group L.P. bought a new stake in United States Steel during the fourth quarter worth approximately $20,700,000. Institutional investors and hedge funds own 81.92% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on X. Morgan Stanley increased their price target on United States Steel from $35.00 to $38.00 and gave the company an "equal weight" rating in a research report on Monday. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $38.00 price target (down previously from $43.00) on shares of United States Steel in a report on Wednesday, April 16th. Finally, BMO Capital Markets reissued a "market perform" rating and issued a $45.00 price objective on shares of United States Steel in a research report on Monday, March 31st. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, United States Steel has an average rating of "Hold" and a consensus price target of $39.22.

United States Steel Stock Down 3.9 %

X traded down $1.66 during midday trading on Wednesday, hitting $40.60. The company had a trading volume of 3,886,085 shares, compared to its average volume of 5,522,996. The stock's 50 day moving average price is $41.17 and its 200 day moving average price is $38.38. The company has a market capitalization of $9.19 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 1.53 and a beta of 1.82. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36. United States Steel Co. has a 52 week low of $26.92 and a 52 week high of $46.18.

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

United States Steel Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors 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 0.49%. United States Steel's payout ratio is 68.97%.

About United States Steel

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.