708 Shares in United States Steel Co. (NYSE:X) Purchased by GAMMA Investing LLC

GAMMA Investing LLC acquired a new position in shares of United States Steel Co. (NYSE:X) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 708 shares of the basic materials company’s stock, valued at approximately $33,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. D.A. Davidson & CO. grew its position in United States Steel by 0.9% during the 3rd quarter. D.A. Davidson & CO. now owns 32,770 shares of the basic materials company’s stock valued at $1,064,000 after purchasing an additional 307 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of United States Steel by 4.2% during the third quarter. PNC Financial Services Group Inc. now owns 10,969 shares of the basic materials company’s stock valued at $356,000 after acquiring an additional 444 shares in the last quarter. Fifth Third Bancorp raised its holdings in United States Steel by 60.8% in the 3rd quarter. Fifth Third Bancorp now owns 1,270 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 480 shares during the last quarter. Wolff Wiese Magana LLC raised its holdings in United States Steel by 181.4% in the 3rd quarter. Wolff Wiese Magana LLC now owns 985 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 635 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in United States Steel by 1.0% in the 3rd quarter. Arizona State Retirement System now owns 64,479 shares of the basic materials company’s stock valued at $2,094,000 after acquiring an additional 664 shares in the last quarter. Hedge funds and other institutional investors own 81.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on United States Steel from $47.00 to $43.00 and set a “neutral” rating for the company in a research note on Friday. BMO Capital Markets reduced their price objective on United States Steel from $55.00 to $45.00 and set a “market perform” rating for the company in a report on Tuesday, March 19th. StockNews.com started coverage on United States Steel in a report on Monday, April 29th. They issued a “hold” rating for the company. Morgan Stanley downgraded United States Steel from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $40.00 to $51.00 in a report on Thursday, February 15th. Finally, Wolfe Research upgraded United States Steel from a “peer perform” rating to an “outperform” rating and set a $46.00 price objective for the company in a report on Tuesday, April 9th. Nine investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $38.38.

United States Steel Trading Down 1.6 %

United States Steel stock opened at $36.47 on Monday. The business has a 50-day simple moving average of $41.48 and a two-hundred day simple moving average of $41.58. The company has a market cap of $8.20 billion, a P/E ratio of 10.70 and a beta of 2.06. United States Steel Co. has a 52-week low of $20.40 and a 52-week high of $50.20. The company has a quick ratio of 1.22, a current ratio of 1.76 and a debt-to-equity ratio of 0.37.

United States Steel (NYSE:X) last released its quarterly earnings results on Friday, February 2nd. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.46. The business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.73 billion. United States Steel had a return on equity of 10.68% and a net margin of 4.89%. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.87 EPS. Analysts predict that United States Steel Co. will post 2.99 EPS for the current year.

United States Steel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Monday, May 13th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.55%. United States Steel’s dividend payout ratio (DPR) is presently 5.87%.

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.