Thomist Capital Management LP Makes New Investment in United States Steel Co. (NYSE:X)

Thomist Capital Management LP purchased a new position in shares of United States Steel Co. (NYSE:X - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 136,400 shares of the basic materials company's stock, valued at approximately $4,232,000. United States Steel comprises approximately 1.0% of Thomist Capital Management LP's holdings, making the stock its 22nd biggest position. Thomist Capital Management LP owned about 0.06% of United States Steel at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in X. Norges Bank purchased a new position in United States Steel in the fourth quarter worth $130,731,000. Forest Avenue Capital Management LP acquired a new position in shares of United States Steel in the fourth quarter worth $50,795,000. NWI Management LP purchased a new position in United States Steel in the 4th quarter valued at about $48,946,000. Duquesne Family Office LLC boosted its stake in shares of United States Steel by 142.8% during the 4th quarter. Duquesne Family Office LLC now owns 1,610,040 shares of the basic materials company's stock worth $54,725,000 after purchasing an additional 946,950 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew 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 worth $315,790,000 after buying an additional 929,762 shares in the last quarter. 81.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Morgan Stanley upped their price objective on shares of United States Steel from $35.00 to $38.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $38.00 price objective (down previously from $43.00) on shares of United States Steel in a research report on Wednesday, April 16th. Finally, BMO Capital Markets restated a "market perform" rating and issued a $45.00 price target on shares of United States Steel in a report 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.com, the company presently has an average rating of "Hold" and a consensus price target of $39.22.

United States Steel Trading Up 6.7%

Shares of NYSE X traded up $2.87 during midday trading on Friday, hitting $45.77. The stock had a trading volume of 7,341,012 shares, compared to its average volume of 5,647,321. The company has a fifty day moving average price of $42.05 and a 200 day moving average price of $38.59. The company has a market capitalization of $10.36 billion, a price-to-earnings ratio of 30.87, a PEG ratio of 1.53 and a beta of 1.82. United States Steel Co. has a 1-year low of $26.92 and a 1-year high of $46.18. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36.

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 business had revenue of $3.73 billion for the quarter, compared to analysts' expectations of $3.54 billion. United States Steel had a return on equity of 4.27% and a net margin of 2.46%. United States Steel's quarterly revenue 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. On average, analysts predict that United States Steel Co. will post 1.43 earnings per share for the current year.

United States Steel Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders 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 0.44%. United States Steel's dividend payout ratio 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.