Robertson Stephens Wealth Management LLC Makes New $4.37 Million Investment in United States Steel Co. (NYSE:X)

Robertson Stephens Wealth Management LLC acquired a new position in United States Steel Co. (NYSE:X - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 103,382 shares of the basic materials company's stock, valued at approximately $4,369,000.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of United States Steel by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 20,558,732 shares of the basic materials company's stock valued at $698,791,000 after buying an additional 186,994 shares in the last quarter. Dimensional Fund Advisors LP grew its position in United States Steel by 11.1% in the fourth 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 in the last quarter. Donald Smith & CO. Inc. raised its stake in shares of United States Steel by 1.4% during the fourth quarter. Donald Smith & CO. Inc. now owns 4,788,075 shares of the basic materials company's stock valued at $162,747,000 after purchasing an additional 68,230 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of United States Steel by 3.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,773,225 shares of the basic materials company's stock worth $162,242,000 after purchasing an additional 174,394 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of United States Steel by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 3,862,064 shares of the basic materials company's stock valued at $131,313,000 after purchasing an additional 22,380 shares during the period. 81.92% of the stock is currently owned by hedge funds and other institutional investors.

United States Steel Stock Performance

Shares of NYSE X traded down $0.01 during trading on Tuesday, reaching $54.85. The stock had a trading volume of 15,100,429 shares, compared to its average volume of 6,485,841. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. The stock has a market cap of $12.42 billion, a PE ratio of 36.81, a P/E/G ratio of 1.53 and a beta of 1.87. United States Steel Co. has a one year low of $26.92 and a one year high of $54.99. The firm's 50 day moving average price is $45.89 and its two-hundred day moving average price is $40.23.

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) EPS for the quarter, missing analysts' consensus estimates of ($0.35) by ($0.04). The business had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.54 billion. United States Steel had a return on equity of 4.27% and a net margin of 2.46%. The business's revenue for the quarter was down 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 EPS. On average, research analysts forecast that United States Steel Co. will post 1.43 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Monday, May 12th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend was Monday, May 12th. United States Steel's dividend payout ratio is presently 68.97%.

Wall Street Analyst Weigh In

A number of brokerages have commented on X. Wolfe Research reiterated a "peer perform" rating on shares of United States Steel in a report on Tuesday, May 27th. JPMorgan Chase & Co. boosted their price target on United States Steel from $39.00 to $55.00 and gave the stock a "neutral" rating in a research note on Monday, June 2nd. Morgan Stanley upped their target price on United States Steel from $35.00 to $38.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Jefferies Financial Group restated a "hold" rating and issued a $55.00 price target (up previously from $50.00) on shares of United States Steel in a research note on Tuesday, May 27th. Finally, Glj Research cut shares of United States Steel from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $43.80.

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.