Graham Capital Management L.P. Buys New Position in United States Steel Co. (NYSE:X)

Graham Capital Management L.P. acquired a new stake in shares of United States Steel Co. (NYSE:X - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 118,625 shares of the basic materials company's stock, valued at approximately $4,032,000. Graham Capital Management L.P. owned approximately 0.05% of United States Steel as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bessemer Group Inc. raised its position in shares of 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 buying an additional 277 shares in the last quarter. Ameliora Wealth Management Ltd. bought a new position in shares of United States Steel during the 4th quarter valued at $27,000. ORG Wealth Partners LLC bought a new position in shares of United States Steel during the 4th quarter valued at $30,000. Parkworth Wealth Management Inc. bought a new position in shares of United States Steel during the 4th quarter valued at $31,000. Finally, Lee Danner & Bass Inc. bought a new position in shares of United States Steel during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 81.92% of the company's stock.

United States Steel Trading Down 0.9%

Shares of X traded down $0.36 during trading hours on Friday, reaching $40.84. 1,682,129 shares of the company traded hands, compared to its average volume of 5,550,546. United States Steel Co. has a 12 month low of $26.92 and a 12 month high of $46.18. The company has a market capitalization of $9.25 billion, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 1.53 and a beta of 1.82. The company's fifty day moving average price is $41.72 and its two-hundred day moving average price is $38.49. 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 issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported ($0.39) earnings per share (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 business had revenue of $3.73 billion for the quarter, compared to analysts' expectations of $3.54 billion. During the same period last year, the business earned $0.82 earnings per share. The company's revenue was down 10.4% on a year-over-year basis. Equities research analysts predict that United States Steel Co. will post 1.43 earnings per share for the current fiscal 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 issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.20 annualized dividend and a yield of 0.49%. United States Steel's dividend payout ratio (DPR) is presently 68.97%.

Analyst Ratings Changes

Several research firms recently commented on X. Morgan Stanley increased 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 report on Monday, May 5th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $38.00 price target (down previously from $43.00) on shares of United States Steel in a report on Wednesday, April 16th. Finally, BMO Capital Markets reissued 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $39.22.

United States Steel 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.