Rockefeller Capital Management L.P. Increases Position in United States Steel Co. (NYSE:X)

Rockefeller Capital Management L.P. grew its stake in United States Steel Co. (NYSE:X - Free Report) by 646.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 506,694 shares of the basic materials company's stock after acquiring an additional 438,771 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.23% of United States Steel worth $17,902,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC increased its position in United States Steel by 0.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 26,880 shares of the basic materials company's stock valued at $1,016,000 after buying an additional 241 shares in the last quarter. Rakuten Securities Inc. raised its position in shares of United States Steel by 9.2% in the 3rd quarter. Rakuten Securities Inc. now owns 3,328 shares of the basic materials company's stock valued at $118,000 after purchasing an additional 279 shares during the last quarter. Founders Capital Management boosted its stake in United States Steel by 9.4% in the 3rd quarter. Founders Capital Management now owns 3,500 shares of the basic materials company's stock worth $124,000 after purchasing an additional 300 shares in the last quarter. D.A. Davidson & CO. increased its stake in United States Steel by 0.7% during the 3rd quarter. D.A. Davidson & CO. now owns 44,450 shares of the basic materials company's stock valued at $1,570,000 after purchasing an additional 301 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its holdings in shares of United States Steel by 1.7% in the third quarter. Arkadios Wealth Advisors now owns 18,635 shares of the basic materials company's stock worth $658,000 after buying an additional 306 shares during the last quarter. 81.92% of the stock is owned by institutional investors.

United States Steel Stock Performance

NYSE X traded up $0.17 during mid-day trading on Monday, reaching $40.94. 2,500,374 shares of the stock were exchanged, compared to its average volume of 4,461,316. The company has a market capitalization of $9.22 billion, a P/E ratio of 26.93 and a beta of 1.86. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.08 and a current ratio of 1.67. The business's 50 day moving average is $38.16 and its 200-day moving average is $37.94. United States Steel Co. has a 1 year low of $26.92 and a 1 year high of $50.20.

United States Steel (NYSE:X - Get Free Report) last posted its earnings results on Thursday, October 31st. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.15. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.77 billion. United States Steel had a net margin of 2.41% and a return on equity of 6.01%. The company's revenue for the quarter was down 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.36 EPS. On average, equities research analysts forecast that United States Steel Co. will post 2.21 EPS for the current fiscal year.

United States Steel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Monday, November 11th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Friday, November 8th. United States Steel's payout ratio is 13.16%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on X shares. Glj Research raised United States Steel from a "sell" rating to a "buy" rating and set a $38.57 target price on the stock in a research report on Monday, September 9th. Morgan Stanley raised their price objective on United States Steel from $48.00 to $49.00 and gave the stock an "overweight" rating in a research note on Thursday, August 15th. BNP Paribas upgraded United States Steel from a "neutral" rating to an "outperform" rating and set a $40.00 target price on the stock in a research report on Friday, September 6th. Jefferies Financial Group reduced their price target on shares of United States Steel from $47.00 to $41.00 and set a "buy" rating for the company in a research report on Thursday, September 5th. Finally, StockNews.com started coverage on shares of United States Steel in a research note on Monday, August 19th. They set a "hold" rating for the company. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $42.80.

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.