United States Steel Co. (NYSE:X) Shares Sold by Invesco Ltd.

Invesco Ltd. decreased its holdings in United States Steel Co. (NYSE:X - Free Report) by 23.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 800,235 shares of the basic materials company's stock after selling 244,334 shares during the period. Invesco Ltd. owned about 0.36% of United States Steel worth $27,200,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Empirical Asset Management LLC purchased a new stake in United States Steel during the fourth quarter worth $525,000. ARS Investment Partners LLC purchased a new stake in United States Steel during the fourth quarter valued at approximately $15,510,000. Heck Capital Advisors LLC purchased a new position in United States Steel in the fourth quarter worth $554,000. Raymond James Financial Inc. purchased a new stake in shares of United States Steel during the 4th quarter valued at $2,844,000. Finally, IFP Advisors Inc increased its position in United States Steel by 81.8% during the 4th quarter. IFP Advisors Inc now owns 1,405 shares of the basic materials company's stock valued at $48,000 after buying an additional 632 shares in the last quarter. 81.92% of the stock is currently owned by institutional investors.

United States Steel Stock Up 0.2 %

Shares of X stock traded up $0.09 during trading on Thursday, reaching $42.08. The company's stock had a trading volume of 645,090 shares, compared to its average volume of 5,457,169. The company has a market capitalization of $9.53 billion, a price-to-earnings ratio of 28.24, a P/E/G ratio of 1.53 and a beta of 1.79. United States Steel Co. has a 1-year low of $26.92 and a 1-year high of $46.18. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91. The stock's 50-day moving average price is $40.27 and its 200 day moving average price is $37.94.

United States Steel (NYSE:X - Get Free Report) last released its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend was Monday, February 10th. United States Steel's dividend payout ratio (DPR) is presently 13.42%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on X shares. Morgan Stanley increased their price target on shares of United States Steel from $39.00 to $43.00 and gave the stock an "equal weight" rating in a report on Friday, March 7th. BMO Capital Markets reiterated a "market perform" rating and set a $45.00 price target on shares of United States Steel in a research report on Monday, March 31st. JPMorgan Chase & Co. restated a "neutral" rating and issued a $38.00 price objective (down from $43.00) on shares of United States Steel in a research report on Wednesday, April 16th. Bank of America started coverage on United States Steel in a research report on Monday, January 6th. They set a "neutral" rating and a $35.00 target price on the stock. Finally, Jefferies Financial Group reduced their price objective on shares of United States Steel from $45.00 to $40.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Five equities research 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, the company presently has a consensus rating of "Hold" and an average price target of $39.94.

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.