Ausbil Investment Management Ltd Makes New $634,000 Investment in United States Steel Corporation (NYSE:X)

Ausbil Investment Management Ltd purchased a new position in shares of United States Steel Corporation (NYSE:X - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,000 shares of the basic materials company's stock, valued at approximately $634,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. increased its stake in 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 purchasing an additional 277 shares in the last quarter. Versant Capital Management Inc lifted its stake in United States Steel by 45.3% in the first quarter. Versant Capital Management Inc now owns 911 shares of the basic materials company's stock valued at $38,000 after buying an additional 284 shares in the last quarter. Parkworth Wealth Management Inc. acquired a new position in shares of United States Steel in the fourth quarter valued at approximately $31,000. Lee Danner & Bass Inc. bought a new stake in shares of United States Steel during the fourth quarter worth $32,000. Finally, Smithfield Trust Co increased its position in shares of United States Steel by 903.0% during the fourth quarter. Smithfield Trust Co now owns 1,003 shares of the basic materials company's stock worth $34,000 after acquiring an additional 903 shares in the last quarter. Institutional investors and hedge funds own 81.92% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on X. Wolfe Research reaffirmed a "peer perform" rating on shares of United States Steel in a research report on Tuesday, May 27th. Glj Research lowered United States Steel from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 30th. Morgan Stanley upped their price objective on 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. JPMorgan Chase & Co. increased their price objective on United States Steel from $39.00 to $55.00 and gave the stock a "neutral" rating in a report on Monday, June 2nd. Finally, BMO Capital Markets restated a "market perform" rating and issued a $45.00 target price on shares of United States Steel in a research note on Monday, March 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $43.80.

United States Steel Price Performance

Shares of NYSE X opened at $54.97 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.45 and a quick ratio of 0.75. The business has a 50-day moving average of $46.87 and a 200-day moving average of $40.67. The stock has a market capitalization of $12.45 billion, a price-to-earnings ratio of 189.56, a PEG ratio of 2.21 and a beta of 1.87. United States Steel Corporation has a fifty-two week low of $26.92 and a fifty-two week high of $54.91.

United States Steel (NYSE:X - Get Free Report) last posted its quarterly earnings results 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 0.64% and a return on equity of 1.69%. The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter in the prior year, the business earned $0.82 earnings per share. The firm's revenue for the quarter was down 10.4% compared to the same quarter last year. As a group, sell-side analysts predict that United States Steel Corporation will post 1.43 earnings per share for the current fiscal year.

United States Steel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Monday, May 12th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.36%. The ex-dividend date was Monday, May 12th. United States Steel's dividend payout ratio (DPR) is currently 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.

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