Wexford Capital LP Purchases 292,811 Shares of United States Steel Co. (NYSE:X)

Wexford Capital LP increased its holdings in United States Steel Co. (NYSE:X - Free Report) by 193.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 443,951 shares of the basic materials company's stock after buying an additional 292,811 shares during the period. United States Steel comprises approximately 2.4% of Wexford Capital LP's holdings, making the stock its 3rd biggest position. Wexford Capital LP owned 0.20% of United States Steel worth $15,090,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Bessemer Group Inc. boosted its stake in United States Steel by 64.0% during the 4th quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 277 shares during the period. CIBC Asset Management Inc boosted its stake in United States Steel by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 6,880 shares of the basic materials company's stock valued at $234,000 after purchasing an additional 366 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in United States Steel by 0.8% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 49,730 shares of the basic materials company's stock valued at $1,690,000 after purchasing an additional 412 shares during the period. Covestor Ltd boosted its stake in United States Steel by 17.2% during the 4th quarter. Covestor Ltd now owns 2,891 shares of the basic materials company's stock valued at $98,000 after purchasing an additional 424 shares during the period. Finally, HBK Sorce Advisory LLC boosted its stake in United States Steel by 7.4% during the 4th quarter. HBK Sorce Advisory LLC now owns 6,551 shares of the basic materials company's stock valued at $223,000 after purchasing an additional 449 shares during the period. 81.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on X. Morgan Stanley boosted their target price on shares of United States Steel from $35.00 to $38.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $38.00 target price (down from $43.00) on shares of United States Steel in a report on Wednesday, April 16th. Finally, BMO Capital Markets reiterated a "market perform" rating and issued a $45.00 target price on shares of United States Steel in a report on Monday, March 31st. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $39.22.

United States Steel Trading Up 2.2%

Shares of United States Steel stock traded up $0.89 during trading on Wednesday, hitting $42.07. The stock had a trading volume of 6,895,151 shares, compared to its average volume of 5,607,823. The stock has a 50 day simple moving average of $41.99 and a 200 day simple moving average of $38.55. The company has a market capitalization of $9.53 billion, a PE ratio of 28.24, a P/E/G ratio of 1.53 and a beta of 1.82. 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 Co. has a 1 year low of $26.92 and a 1 year high of $46.18.

United States Steel (NYSE:X - Get Free Report) last announced 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). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. The company had revenue of $3.73 billion for the quarter, compared to analysts' expectations of $3.54 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. The business's revenue for the quarter was down 10.4% on a year-over-year basis. On average, research analysts expect that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors 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 0.48%. The ex-dividend date of this dividend is Monday, May 12th. United States Steel's payout ratio 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.