United States Steel Co. (NYSE:X) Shares Purchased by Duquesne Family Office LLC

Duquesne Family Office LLC boosted its position in shares of United States Steel Co. (NYSE:X - Free Report) by 142.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,610,040 shares of the basic materials company's stock after purchasing an additional 946,950 shares during the period. United States Steel makes up 1.5% of Duquesne Family Office LLC's portfolio, making the stock its 17th biggest position. Duquesne Family Office LLC owned 0.71% of United States Steel worth $54,725,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in United States Steel during the 3rd quarter valued at $59,000. GAMMA Investing LLC grew its stake in United States Steel by 50.0% in the fourth quarter. GAMMA Investing LLC now owns 1,326 shares of the basic materials company's stock worth $45,000 after purchasing an additional 442 shares in the last quarter. Everence Capital Management Inc. bought a new stake in United States Steel in the fourth quarter valued at about $222,000. ORG Wealth Partners LLC acquired a new stake in United States Steel during the fourth quarter valued at approximately $30,000. Finally, FNY Investment Advisers LLC lifted its holdings in United States Steel by 454.0% during the 4th quarter. FNY Investment Advisers LLC now owns 7,800 shares of the basic materials company's stock worth $265,000 after buying an additional 6,392 shares during the last quarter. Institutional investors and hedge funds own 81.92% of the company's stock.

Analysts Set New Price Targets

X has been the topic of several research reports. JPMorgan Chase & Co. reissued a "neutral" rating and set a $38.00 price target (down from $43.00) on shares of United States Steel in a research report on Wednesday, April 16th. Morgan Stanley raised their price target on shares of United States Steel from $35.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Finally, BMO Capital Markets reiterated a "market perform" rating and set a $45.00 price objective on shares of United States Steel in a research note on Monday, March 31st. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, United States Steel has a consensus rating of "Hold" and a consensus price target of $39.22.

United States Steel Stock Performance

X stock traded up $1.04 on Friday, reaching $42.46. The company's stock had a trading volume of 4,319,248 shares, compared to its average volume of 5,536,640. The firm has a fifty day moving average of $41.31 and a two-hundred day moving average of $38.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91. The company has a market capitalization of $9.61 billion, a P/E ratio of 28.50, a price-to-earnings-growth ratio of 1.53 and a beta of 1.82. 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 for the quarter, missing analysts' consensus estimates of ($0.35) by ($0.04). The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.54 billion. United States Steel had a net margin of 2.46% and a return on equity of 4.27%. United States Steel's revenue for the quarter was down 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.82 earnings per share. As a group, analysts predict that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Monday, May 12th will be paid 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 dividend payout ratio is presently 68.97%.

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.