United States Steel Co. (NYSE:X) Shares Sold by Fractal Investments LLC

Fractal Investments LLC cut its holdings in shares of United States Steel Co. (NYSE:X - Free Report) by 68.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,700 shares of the basic materials company's stock after selling 25,000 shares during the period. Fractal Investments LLC's holdings in United States Steel were worth $569,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of X. GAMMA Investing LLC acquired a new position in shares of United States Steel in the fourth quarter worth about $33,000. Wolff Wiese Magana LLC grew its position in United States Steel by 181.4% during the 3rd quarter. Wolff Wiese Magana LLC now owns 985 shares of the basic materials company's stock worth $32,000 after purchasing an additional 635 shares in the last quarter. Rakuten Securities Inc. acquired a new stake in United States Steel during the 4th quarter valued at $53,000. Fifth Third Bancorp lifted its holdings in shares of United States Steel by 60.8% in the third quarter. Fifth Third Bancorp now owns 1,270 shares of the basic materials company's stock valued at $41,000 after purchasing an additional 480 shares in the last quarter. Finally, Rise Advisors LLC acquired a new stake in shares of United States Steel in the fourth quarter worth $97,000. Institutional investors and hedge funds own 81.92% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. StockNews.com initiated coverage on shares of United States Steel in a report on Sunday. They set a "hold" rating for the company. JPMorgan Chase & Co. assumed coverage on shares of United States Steel in a report on Friday, January 12th. They set a "neutral" rating and a $52.00 price target on the stock. BMO Capital Markets cut their price objective on United States Steel from $55.00 to $45.00 and set a "market perform" rating for the company in a report on Tuesday, March 19th. Morgan Stanley downgraded United States Steel from an "overweight" rating to an "equal weight" rating and boosted their target price for the company from $40.00 to $51.00 in a research note on Thursday, February 15th. Finally, Wolfe Research raised United States Steel from a "peer perform" rating to an "outperform" rating and set a $46.00 target price on the stock in a research report on Tuesday, April 9th. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, United States Steel has an average rating of "Hold" and an average price target of $37.89.

United States Steel Stock Performance

Shares of NYSE X traded down $1.34 during mid-day trading on Wednesday, hitting $36.60. The company had a trading volume of 5,403,164 shares, compared to its average volume of 4,691,879. United States Steel Co. has a 12 month low of $20.40 and a 12 month high of $50.20. The firm has a market cap of $8.23 billion, a P/E ratio of 10.43 and a beta of 2.00. The business's 50-day simple moving average is $42.78 and its 200-day simple moving average is $41.33. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.76 and a quick ratio of 1.22.

United States Steel (NYSE:X - Get Free Report) last issued its earnings results on Friday, February 2nd. The basic materials company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.21 by $0.46. United States Steel had a return on equity of 10.80% and a net margin of 4.96%. The firm had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $3.73 billion. During the same period last year, the business earned $0.87 earnings per share. United States Steel's quarterly revenue was down 4.5% compared to the same quarter last year. As a group, analysts predict that United States Steel Co. will post 2.99 earnings per share for the current fiscal year.

United States Steel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Monday, February 12th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Friday, February 9th. United States Steel's dividend payout ratio (DPR) is 5.70%.

United States Steel Company 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.

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