NYSE:X - Free Report ) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,415,000 shares of the basic materials company's stock, valued at approximately $68,840,000. United States Steel comprises about 3.6% of Segantii Capital Management Ltd's portfolio, making the stock its 5th biggest holding. Segantii Capital Management Ltd owned 0.63% of United States Steel as of its most recent filing with the Securities & Exchange Commission.
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A number of other institutional investors have also recently added to or reduced their stakes in X. Pacific Capital Wealth Advisors Inc. acquired a new position in shares of United States Steel during the 4th quarter valued at $25,000. GAMMA Investing LLC purchased a new stake in shares of United States Steel in the fourth quarter worth about $33,000. Wolff Wiese Magana LLC grew its stake in shares of United States Steel by 181.4% in the third quarter. Wolff Wiese Magana LLC now owns 985 shares of the basic materials company's stock valued at $32,000 after buying an additional 635 shares in the last quarter. Rakuten Securities Inc. purchased a new stake in shares of United States Steel during the 4th quarter valued at about $53,000. Finally, Fifth Third Bancorp lifted its position in United States Steel by 60.8% during the 3rd quarter. Fifth Third Bancorp now owns 1,270 shares of the basic materials company's stock worth $41,000 after acquiring an additional 480 shares in the last quarter. Hedge funds and other institutional investors own 81.92% of the company's stock.
Wall Street Analysts Forecast Growth X has been the subject of several recent analyst reports. BMO Capital Markets lowered their target price on United States Steel from $55.00 to $45.00 and set a "market perform" rating for the company in a research note on Tuesday, March 19th. JPMorgan Chase & Co. lowered their price objective on United States Steel from $47.00 to $43.00 and set a "neutral" rating for the company in a research note on Friday, May 3rd. StockNews.com began coverage on United States Steel in a research report on Tuesday. They issued a "hold" rating on the stock. Morgan Stanley raised shares of United States Steel from an "equal weight" rating to an "overweight" rating and decreased their price target for the stock from $51.00 to $48.00 in a research report on Monday. Finally, Wolfe Research raised shares of United States Steel from a "peer perform" rating to an "outperform" rating and set a $46.00 price target on the stock in a report on Tuesday, April 9th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, United States Steel presently has a consensus rating of "Hold" and an average target price of $38.00.
Check Out Our Latest Report on United States Steel
United States Steel Price Performance X traded down $0.12 on Thursday, reaching $38.23. The company had a trading volume of 2,583,638 shares, compared to its average volume of 4,472,199. United States Steel Co. has a one year low of $20.40 and a one year high of $50.20. The company has a market capitalization of $8.60 billion, a P/E ratio of 11.21 and a beta of 2.06. The company has a fifty day moving average of $40.74 and a 200-day moving average of $41.62. The company has a current ratio of 1.71, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36.
United States Steel Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Monday, May 13th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, May 10th. This represents a $0.20 annualized dividend and a yield of 0.52%. United States Steel's dividend payout ratio is currently 5.87%.
About United States Steel (
Free Report )
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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