23,134 Shares in United States Steel Co. (NYSE:X) Purchased by XTX Topco Ltd

XTX Topco Ltd acquired a new stake in shares of United States Steel Co. (NYSE:X - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 23,134 shares of the basic materials company's stock, valued at approximately $786,000.

Other large investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its stake in United States Steel by 64.0% in 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 in the last quarter. Ameliora Wealth Management Ltd. bought a new position in United States Steel in the fourth quarter worth approximately $27,000. ORG Wealth Partners LLC bought a new position in United States Steel in the fourth quarter worth approximately $30,000. Parkworth Wealth Management Inc. bought a new position in United States Steel in the fourth quarter worth approximately $31,000. Finally, Lee Danner & Bass Inc. bought a new position in United States Steel in the fourth quarter worth approximately $32,000. 81.92% of the stock is owned by hedge funds and other institutional investors.

United States Steel Stock Performance

X stock traded up $1.10 during midday trading on Wednesday, reaching $41.68. The stock had a trading volume of 1,432,043 shares, compared to its average volume of 7,314,745. The stock has a market cap of $9.44 billion, a PE ratio of 27.97, a P/E/G ratio of 1.53 and a beta of 1.79. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. The firm has a fifty day simple moving average of $40.19 and a two-hundred day simple moving average of $37.91. 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 announced its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.38). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. As a group, equities research analysts anticipate that United States Steel Co. will post 1.43 EPS for the current year.

United States Steel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Monday, February 10th. United States Steel's dividend payout ratio (DPR) is presently 13.42%.

Analyst Upgrades and Downgrades

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

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.