Thomist Capital Management LP Buys Shares of 136,400 United States Steel Co. (NYSE:X)

Thomist Capital Management LP bought a new stake in shares of United States Steel Co. (NYSE:X - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 136,400 shares of the basic materials company's stock, valued at approximately $4,232,000. United States Steel comprises 1.0% of Thomist Capital Management LP's holdings, making the stock its 22nd largest holding. Thomist Capital Management LP owned about 0.06% of United States Steel as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bessemer Group Inc. raised its stake in shares of United States Steel by 64.0% in the fourth quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company's stock worth $25,000 after buying an additional 277 shares during the period. Ameliora Wealth Management Ltd. bought a new stake in United States Steel during the 4th quarter valued at approximately $27,000. Parkworth Wealth Management Inc. purchased a new position in United States Steel in the 4th quarter worth approximately $31,000. Lee Danner & Bass Inc. bought a new position in United States Steel in the 4th quarter worth approximately $32,000. Finally, Newbridge Financial Services Group Inc. bought a new position in United States Steel in the 4th quarter worth approximately $34,000. 81.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on X shares. BMO Capital Markets reiterated a "market perform" rating and issued a $45.00 price target on shares of United States Steel in a report on Monday, March 31st. 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 note on Wednesday, April 16th. Finally, Morgan Stanley upped their target price on shares of 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. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $39.22.

United States Steel Trading Up 2.3%

United States Steel stock traded up $0.97 during mid-day trading on Thursday, hitting $42.99. The company's stock had a trading volume of 9,231,727 shares, compared to its average volume of 5,622,261. 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 company has a 50 day moving average of $41.99 and a 200-day moving average of $38.55. United States Steel Co. has a one year low of $26.92 and a one year high of $46.18. The stock has a market cap of $9.73 billion, a PE ratio of 28.85, a P/E/G ratio of 1.53 and a beta of 1.82.

United States Steel (NYSE:X - Get Free Report) last issued its earnings results 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). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. 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 company earned $0.82 earnings per share. United States Steel's revenue was down 10.4% on a year-over-year basis. On average, research analysts anticipate that United States Steel Co. will post 1.43 EPS for the current year.

United States Steel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Monday, May 12th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Monday, May 12th. United States Steel's dividend payout ratio (DPR) is presently 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.