United States Steel Co. (NYSE:X) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lessened its holdings in shares of United States Steel Co. (NYSE:X - Free Report) by 76.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,444 shares of the basic materials company's stock after selling 43,892 shares during the period. Tower Research Capital LLC TRC's holdings in United States Steel were worth $457,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Mesirow Institutional Investment Management Inc. raised its stake in United States Steel by 22.6% during the fourth quarter. Mesirow Institutional Investment Management Inc. now owns 84,965 shares of the basic materials company's stock worth $2,888,000 after purchasing an additional 15,653 shares during the period. MetLife Investment Management LLC lifted its holdings in United States Steel by 9.7% in the fourth quarter. MetLife Investment Management LLC now owns 126,890 shares of the basic materials company's stock valued at $4,313,000 after acquiring an additional 11,271 shares during the last quarter. Natixis purchased a new position in United States Steel in the fourth quarter worth approximately $1,000,000. Dimensional Fund Advisors LP increased its stake in United States Steel by 11.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,291,906 shares of the basic materials company's stock worth $315,790,000 after acquiring an additional 929,762 shares during the last quarter. Finally, Forum Financial Management LP increased its stake in United States Steel by 7.5% during the fourth quarter. Forum Financial Management LP now owns 7,051 shares of the basic materials company's stock worth $240,000 after acquiring an additional 490 shares during the last quarter. Institutional investors and hedge funds own 81.92% of the company's stock.

United States Steel Stock Up 1.4 %

X stock traded up $0.61 during trading on Friday, hitting $44.07. 6,738,938 shares of the company's stock were exchanged, compared to its average volume of 5,514,024. The business has a 50-day moving average price of $40.99 and a two-hundred day moving average price of $38.30. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $9.98 billion, a price-to-earnings ratio of 29.58, a PEG ratio of 1.53 and a beta of 1.79. United States Steel Co. has a 52-week low of $26.92 and a 52-week high of $46.18.

United States Steel (NYSE:X - Get Free Report) last posted its earnings results on Thursday, May 1st. The basic materials company reported ($0.39) EPS for the quarter, missing analysts' consensus estimates of ($0.35) by ($0.04). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. The company had revenue of $3.73 billion during the quarter, compared to analysts' expectations of $3.54 billion. During the same period last year, the business earned $0.82 earnings per share. The company's quarterly revenue was down 10.4% on a year-over-year basis. As a group, equities research analysts expect that United States Steel Co. will post 1.43 EPS for the current year.

United States Steel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Monday, May 12th will be paid a $0.05 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.45%. United States Steel's dividend payout ratio is presently 13.42%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Bank of America initiated coverage on United States Steel in a report on Monday, January 6th. They set a "neutral" rating and a $35.00 target price for the company. Jefferies Financial Group dropped their price target on shares of United States Steel from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, January 6th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $38.00 price objective (down from $43.00) on shares of United States Steel in a research note on Wednesday, April 16th. BMO Capital Markets reissued a "market perform" rating and set a $45.00 target price on shares of United States Steel in a research note on Monday, March 31st. Finally, Morgan Stanley increased their price target on United States Steel from $39.00 to $43.00 and gave the company an "equal weight" rating in a research report on Friday, March 7th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $39.94.

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.