United States Steel Corporation (NYSE:X) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its position in shares of United States Steel Corporation (NYSE:X - Free Report) by 493.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,163 shares of the basic materials company's stock after purchasing an additional 22,588 shares during the quarter. SG Americas Securities LLC's holdings in United States Steel were worth $1,148,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of X. Stifel Financial Corp grew its position in shares of United States Steel by 98.4% during the 4th quarter. Stifel Financial Corp now owns 44,682 shares of the basic materials company's stock valued at $1,519,000 after acquiring an additional 22,161 shares during the period. Raymond James Financial Inc. bought a new position in shares of United States Steel in the fourth quarter worth about $2,844,000. Hartree Partners LP lifted its position in shares of United States Steel by 140.9% during the 4th quarter. Hartree Partners LP now owns 257,606 shares of the basic materials company's stock valued at $8,756,000 after buying an additional 150,669 shares in the last quarter. IFP Advisors Inc boosted its position in shares of United States Steel by 81.8% in the fourth quarter. IFP Advisors Inc now owns 1,405 shares of the basic materials company's stock worth $48,000 after purchasing an additional 632 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in shares of United States Steel by 27.2% during the 4th quarter. Hsbc Holdings PLC now owns 7,467 shares of the basic materials company's stock valued at $253,000 after buying an additional 1,595 shares in the last quarter. 81.92% of the stock is currently owned by institutional investors.

United States Steel Trading Up 0.2%

United States Steel stock traded up $0.13 during mid-day trading on Wednesday, hitting $54.97. The company's stock had a trading volume of 876 shares, compared to its average volume of 6,471,536. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.75 and a current ratio of 1.45. The company has a 50 day moving average of $46.08 and a 200-day moving average of $40.33. United States Steel Corporation has a one year low of $26.92 and a one year high of $55.02. The stock has a market cap of $12.45 billion, a PE ratio of 189.56, a P/E/G ratio of 2.21 and a beta of 1.87.

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 (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.04). The company had revenue of $3.73 billion during the quarter, compared to analysts' expectations of $3.54 billion. United States Steel had a net margin of 0.64% and a return on equity of 1.69%. United States Steel's quarterly revenue was down 10.4% on a year-over-year basis. During the same period last year, the firm earned $0.82 earnings per share. On average, research analysts anticipate that United States Steel Corporation will post 1.43 EPS for the current year.

United States Steel Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on United States Steel from $39.00 to $55.00 and gave the stock a "neutral" rating in a research report on Monday, June 2nd. Jefferies Financial Group reiterated a "hold" rating and issued a $55.00 price target (up from $50.00) on shares of United States Steel in a report on Tuesday, May 27th. Glj Research downgraded shares of United States Steel from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 30th. Morgan Stanley raised their price objective 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. Finally, BMO Capital Markets reaffirmed a "market perform" rating and set a $45.00 price objective on shares of United States Steel in a report on Monday, March 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $43.80.

United States Steel Company 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.