Brevan Howard Capital Management LP Purchases 194,405 Shares of United States Steel Co. (NYSE:X)

Brevan Howard Capital Management LP lifted its stake in United States Steel Co. (NYSE:X - Free Report) by 82.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 431,490 shares of the basic materials company's stock after acquiring an additional 194,405 shares during the period. Brevan Howard Capital Management LP owned 0.19% of United States Steel worth $14,666,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its stake in United States Steel by 64.0% during the fourth quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company's stock worth $25,000 after purchasing an additional 277 shares during the period. CIBC Asset Management Inc boosted 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 valued at $234,000 after buying an additional 366 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in United States Steel by 0.8% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 49,730 shares of the basic materials company's stock valued at $1,690,000 after acquiring an additional 412 shares during the period. Covestor Ltd lifted its holdings in shares of United States Steel by 17.2% during the fourth quarter. Covestor Ltd now owns 2,891 shares of the basic materials company's stock valued at $98,000 after acquiring an additional 424 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of United States Steel by 50.0% in the 4th quarter. GAMMA Investing LLC now owns 1,326 shares of the basic materials company's stock valued at $45,000 after purchasing an additional 442 shares in the last quarter. 81.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

X has been the subject of several analyst reports. Morgan Stanley lifted their price target on shares of United States Steel from $35.00 to $38.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. BMO Capital Markets reissued a "market perform" rating and issued a $45.00 target price on shares of United States Steel in a report on Monday, March 31st. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $38.00 price target (down from $43.00) on shares of United States Steel in a report on Wednesday, April 16th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $39.22.

United States Steel Trading Up 2.5 %

NYSE:X traded up $1.04 during trading hours on Friday, hitting $42.46. 4,319,248 shares of the stock were exchanged, compared to its average volume of 5,536,640. The company's 50 day moving average is $41.31 and its two-hundred day moving average is $38.42. The company has a market capitalization of $9.61 billion, a P/E ratio of 28.50, a price-to-earnings-growth ratio of 1.53 and a beta of 1.82. United States Steel Co. has a twelve month low of $26.92 and a twelve month high of $46.18. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36.

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

United States Steel Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Monday, May 12th will be issued a $0.05 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.20 annualized dividend and a yield of 0.47%. United States Steel's dividend payout ratio is currently 68.97%.

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.