Castle Hook Partners LP Purchases 801,886 Shares of United States Steel Co. (NYSE:X)

Castle Hook Partners LP increased its holdings in United States Steel Co. (NYSE:X - Free Report) by 30.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,397,755 shares of the basic materials company's stock after purchasing an additional 801,886 shares during the period. United States Steel makes up 1.4% of Castle Hook Partners LP's investment portfolio, making the stock its 17th biggest holding. Castle Hook Partners LP owned 1.51% of United States Steel worth $115,490,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. boosted its holdings in shares of United States Steel by 64.0% during the 4th quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company's stock worth $25,000 after buying an additional 277 shares during the period. Ameliora Wealth Management Ltd. acquired a new position in United States Steel during the 4th quarter worth $27,000. ORG Wealth Partners LLC bought a new stake in United States Steel during the fourth quarter valued at about $30,000. Parkworth Wealth Management Inc. acquired a new stake in shares of United States Steel in the fourth quarter valued at about $31,000. Finally, Lee Danner & Bass Inc. bought a new position in shares of United States Steel in the fourth quarter worth about $32,000. 81.92% of the stock is owned by institutional investors and hedge funds.

United States Steel Price Performance

Shares of United States Steel stock traded up $1.04 during trading on Friday, hitting $42.46. 4,319,248 shares of the company's stock traded hands, compared to its average volume of 5,536,640. The company has a market cap of $9.61 billion, a PE ratio of 28.50, a PEG ratio of 1.53 and a beta of 1.82. The firm's fifty day moving average price is $41.22 and its 200 day moving average price is $38.40. United States Steel Co. has a twelve month low of $26.92 and a twelve month high of $46.18. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91.

United States Steel (NYSE:X - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The basic materials company reported ($0.39) earnings per share for the quarter, missing analysts' consensus estimates 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 analyst estimates of $3.54 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. The firm's revenue for the quarter was down 10.4% compared to the same quarter last year. Analysts forecast that United States Steel Co. will post 1.43 earnings per share for the current year.

United States Steel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Monday, May 12th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, May 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.47%. United States Steel's payout ratio is presently 68.97%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Morgan Stanley increased their target price on United States Steel from $35.00 to $38.00 and gave the company an "equal weight" rating in a research note on Monday. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $38.00 price target (down from $43.00) on shares of United States Steel in a report on Wednesday, April 16th. 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 report on Monday, March 31st. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $39.22.

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.