SG Americas Securities LLC Buys 22,588 Shares of United States Steel Corporation (NYSE:X)

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

Other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in shares of United States Steel during the fourth quarter valued at about $130,731,000. Forest Avenue Capital Management LP acquired a new position in shares of United States Steel during the fourth quarter valued at about $50,795,000. NWI Management LP acquired a new position in shares of United States Steel during the fourth quarter valued at about $48,946,000. Duquesne Family Office LLC raised its holdings in shares of United States Steel by 142.8% during the fourth quarter. Duquesne Family Office LLC now owns 1,610,040 shares of the basic materials company's stock valued at $54,725,000 after purchasing an additional 946,950 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of United States Steel by 11.1% during 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 purchasing an additional 929,762 shares during the period. Institutional investors own 81.92% of the company's stock.

United States Steel Stock Up 0.2%

NYSE:X traded up $0.13 on Friday, hitting $54.97. The stock had a trading volume of 876 shares, compared to its average volume of 6,537,664. 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 stock has a market cap of $12.45 billion, a P/E ratio of 189.56, a price-to-earnings-growth ratio of 2.21 and a beta of 1.87. United States Steel Corporation has a 1 year low of $26.92 and a 1 year high of $54.91. The firm's fifty day simple moving average is $46.87 and its two-hundred day simple moving average is $40.66.

United States Steel (NYSE:X - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.04). The firm 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%. The company's quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter last year, the business posted $0.82 EPS. Analysts predict that United States Steel Corporation will post 1.43 earnings per share for the current year.

United States Steel Announces Dividend

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

Analysts Set New Price Targets

X has been the topic of several research reports. BMO Capital Markets reiterated a "market perform" rating and set a $45.00 price objective on shares of United States Steel in a report on Monday, March 31st. Glj Research lowered shares of United States Steel from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 30th. JPMorgan Chase & Co. upped their target price on shares of United States Steel from $39.00 to $55.00 and gave the stock a "neutral" rating in a report on Monday, June 2nd. Jefferies Financial Group restated a "hold" rating and issued a $55.00 target price (up previously from $50.00) on shares of United States Steel in a report on Tuesday, May 27th. Finally, Wolfe Research restated a "peer perform" rating on shares of United States Steel in a report on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target 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.