Treasurer of the State of North Carolina Reduces Position in United States Steel Co. (NYSE:X)

Treasurer of the State of North Carolina reduced its position in United States Steel Co. (NYSE:X - Free Report) by 20.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,965 shares of the basic materials company's stock after selling 24,742 shares during the quarter. Treasurer of the State of North Carolina's holdings in United States Steel were worth $3,330,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Bessemer Group Inc. increased its stake in United States Steel by 64.0% in the 4th quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company's stock worth $25,000 after buying an additional 277 shares during the period. CIBC Asset Management Inc grew its stake in United States Steel by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 6,880 shares of the basic materials company's stock worth $234,000 after acquiring an additional 366 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in United States Steel by 0.8% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 49,730 shares of the basic materials company's stock worth $1,690,000 after acquiring an additional 412 shares in the last quarter. GAMMA Investing LLC increased its position in shares of United States Steel by 50.0% during the fourth quarter. GAMMA Investing LLC now owns 1,326 shares of the basic materials company's stock worth $45,000 after acquiring an additional 442 shares during the period. Finally, HBK Sorce Advisory LLC raised its stake in shares of United States Steel by 7.4% during the fourth quarter. HBK Sorce Advisory LLC now owns 6,551 shares of the basic materials company's stock valued at $223,000 after acquiring an additional 449 shares in the last quarter. Institutional investors own 81.92% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on X. BMO Capital Markets restated a "market perform" rating and set a $45.00 price objective on shares of United States Steel in a report on Monday, March 31st. Jefferies Financial Group cut their price target on United States Steel from $45.00 to $40.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Morgan Stanley upped their price objective on shares of United States Steel from $39.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Friday, March 7th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $38.00 target price (down previously from $43.00) on shares of United States Steel in a research report on Wednesday, April 16th. Finally, Bank of America assumed coverage on shares of United States Steel in a research report on Monday, January 6th. They issued a "neutral" rating and a $35.00 price target for the company. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, United States Steel presently has a consensus rating of "Hold" and a consensus target price of $39.94.

United States Steel Stock Up 4.1 %

United States Steel stock traded up $1.59 during trading hours on Tuesday, reaching $40.60. The stock had a trading volume of 5,653,653 shares, compared to its average volume of 5,468,184. United States Steel Co. has a 52 week low of $26.92 and a 52 week high of $46.18. The company has a market cap of $9.19 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 1.53 and a beta of 1.79. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91. The business's 50 day moving average price is $40.19 and its 200-day moving average price is $37.91.

United States Steel (NYSE:X - Get Free Report) last posted its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. Sell-side analysts anticipate that United States Steel Co. will post 1.43 EPS for the current year.

United States Steel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.49%. United States Steel's payout ratio is 13.42%.

United States Steel Company 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.