United States Steel Co. (NYSE:X) Position Lowered by Versor Investments LP

Versor Investments LP decreased its holdings in shares of United States Steel Co. (NYSE:X) by 46.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 89,040 shares of the basic materials company’s stock after selling 75,806 shares during the period. United States Steel comprises about 0.5% of Versor Investments LP’s portfolio, making the stock its 19th largest holding. Versor Investments LP’s holdings in United States Steel were worth $3,026,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. bought a new stake in United States Steel during the 4th quarter valued at $27,000. ORG Wealth Partners LLC bought a new position in United States Steel during the fourth quarter valued at about $30,000. Newbridge Financial Services Group Inc. acquired a new position in United States Steel during the fourth quarter worth about $34,000. Gladius Capital Management LP bought a new stake in United States Steel in the third quarter worth about $39,000. Finally, Byrne Asset Management LLC lifted its holdings in United States Steel by 4,680.0% in the 4th quarter. Byrne Asset Management LLC now owns 1,195 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 1,170 shares during the last quarter. Institutional investors and hedge funds own 81.92% of the company’s stock.

United States Steel Stock Down 0.8 %

X opened at $37.79 on Thursday. The company has a market capitalization of $8.51 billion, a P/E ratio of 25.36, a P/E/G ratio of 1.53 and a beta of 1.86. 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 firm’s fifty day moving average price is $35.64 and its two-hundred day moving average price is $36.81. United States Steel Co. has a fifty-two week low of $26.92 and a fifty-two week high of $48.13.

United States Steel (NYSE:X) last posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share (EPS) 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%. On average, analysts anticipate that United States Steel Co. will post 1.43 EPS for the current year.

United States Steel Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Monday, February 10th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, February 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.53%. United States Steel’s dividend payout ratio (DPR) is presently 13.42%.

Analysts Set New Price Targets

A number of analysts recently commented on X shares. Morgan Stanley reiterated an “equal weight” rating and issued a $39.00 target price on shares of United States Steel in a report on Monday, February 3rd. Jefferies Financial Group cut their price objective on United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Bank of America began coverage on shares of United States Steel in a research report on Monday, January 6th. They issued a “neutral” rating and a $35.00 target price on the stock. BMO Capital Markets dropped their price target on United States Steel from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, December 20th. Finally, JPMorgan Chase & Co. cut their target price on shares of United States Steel from $44.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, United States Steel presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.82.

About United States Steel

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.