Dimensional Fund Advisors LP Lowers Stake in United States Steel Co. (NYSE:X)

Dimensional Fund Advisors LP trimmed its holdings in shares of United States Steel Co. (NYSE:X - Free Report) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,604,404 shares of the basic materials company's stock after selling 263,462 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.74% of United States Steel worth $515,905,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in X. Raymond James Financial Services Advisors Inc. lifted its position in shares of United States Steel by 308.3% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 331,492 shares of the basic materials company's stock valued at $16,127,000 after buying an additional 250,311 shares in the last quarter. FNY Investment Advisers LLC boosted its position in shares of United States Steel by 16,065.0% in the fourth quarter. FNY Investment Advisers LLC now owns 32,330 shares of the basic materials company's stock worth $1,572,000 after purchasing an additional 32,130 shares during the period. International Assets Investment Management LLC increased its stake in shares of United States Steel by 4,057.9% in the fourth quarter. International Assets Investment Management LLC now owns 747,553 shares of the basic materials company's stock worth $36,368,000 after purchasing an additional 729,574 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of United States Steel by 1,132.8% in the fourth quarter. SG Americas Securities LLC now owns 115,715 shares of the basic materials company's stock worth $5,630,000 after purchasing an additional 106,329 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in shares of United States Steel during the 4th quarter valued at $3,045,000. 81.92% of the stock is owned by hedge funds and other institutional investors.

United States Steel Trading Down 0.4 %

X traded down $0.15 on Friday, reaching $38.02. 1,104,791 shares of the company traded hands, compared to its average volume of 3,214,871. United States Steel Co. has a one year low of $20.40 and a one year high of $50.20. The firm has a fifty day simple moving average of $40.55 and a two-hundred day simple moving average of $41.73. The company has a market cap of $8.55 billion, a P/E ratio of 11.15 and a beta of 2.06. The company has a quick ratio of 1.14, a current ratio of 1.71 and a debt-to-equity ratio of 0.36.

United States Steel Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on X shares. Wolfe Research upgraded shares of United States Steel from a "peer perform" rating to an "outperform" rating and set a $46.00 price objective on the stock in a research report on Tuesday, April 9th. JPMorgan Chase & Co. cut their target price on shares of 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. BMO Capital Markets cut their target price on shares of 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. StockNews.com assumed coverage on shares of United States Steel in a research note on Tuesday, May 7th. They set a "hold" rating for the company. Finally, Morgan Stanley raised shares of United States Steel from an "equal weight" rating to an "overweight" rating and cut their target price for the company from $51.00 to $48.00 in a research note on Monday, May 6th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $38.00.

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.