Versor Investments LP Invests $5.60 Million in United States Steel Co. (NYSE:X)

Versor Investments LP bought a new position in United States Steel Co. (NYSE:X - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 115,084 shares of the basic materials company's stock, valued at approximately $5,599,000. United States Steel comprises about 1.1% of Versor Investments LP's holdings, making the stock its 5th largest position. Versor Investments LP owned about 0.05% of United States Steel at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of United States Steel in the 4th quarter worth approximately $25,000. Wolff Wiese Magana LLC increased its holdings in shares of United States Steel by 181.4% in the 3rd quarter. Wolff Wiese Magana LLC now owns 985 shares of the basic materials company's stock valued at $32,000 after acquiring an additional 635 shares during the period. GAMMA Investing LLC bought a new position in shares of United States Steel in the 4th quarter worth $33,000. Fifth Third Bancorp lifted its stake in shares of 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 purchasing an additional 480 shares during the last quarter. Finally, Rakuten Securities Inc. bought a new stake in United States Steel during the fourth quarter valued at about $53,000. Institutional investors own 81.92% of the company's stock.

Analyst Upgrades and Downgrades

X has been the subject of a number of recent analyst reports. BMO Capital Markets lowered their price objective on United States Steel from $55.00 to $45.00 and set a "market perform" rating for the company in a research report on Tuesday, March 19th. StockNews.com assumed coverage on shares of United States Steel in a research report on Tuesday. They issued a "hold" rating for the company. JPMorgan Chase & Co. dropped their target price on shares of United States Steel from $47.00 to $43.00 and set a "neutral" rating on the stock in a research report on Friday, May 3rd. Morgan Stanley upgraded shares of United States Steel from an "equal weight" rating to an "overweight" rating and lowered their price objective for the stock from $51.00 to $48.00 in a research note on Monday, May 6th. 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. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $38.00.

United States Steel Price Performance

Shares of United States Steel stock traded down $0.15 during trading hours on Friday, reaching $38.02. The stock had a trading volume of 1,104,791 shares, compared to its average volume of 3,214,871. United States Steel Co. has a twelve month low of $20.40 and a twelve month high of $50.20. The company has a current ratio of 1.71, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $8.55 billion, a PE ratio of 11.15 and a beta of 2.06. The stock's 50 day moving average is $40.55 and its 200 day moving average is $41.73.

United States Steel Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Monday, May 13th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.53%. United States Steel's dividend payout ratio (DPR) is presently 5.87%.

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.