United States Steel Co. (NYSE:X) Stock Position Reduced by Xponance Inc.

Xponance Inc. lessened its stake in United States Steel Co. (NYSE:X) by 6.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,083 shares of the basic materials company’s stock after selling 1,734 shares during the quarter. Xponance Inc.’s holdings in United States Steel were worth $1,318,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

X has been the subject of a number of analyst reports. StockNews.com initiated coverage on United States Steel in a research report on Sunday. They issued a “hold” rating for the company. Wolfe Research upgraded United States Steel from a “peer perform” rating to an “outperform” rating and set a $46.00 price target on the stock in a report on Tuesday, April 9th. BMO Capital Markets reduced their price objective on shares of United States Steel from $55.00 to $45.00 and set a “market perform” rating for the company in a research note on Tuesday, March 19th. Morgan Stanley downgraded shares of United States Steel from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $40.00 to $51.00 in a report on Thursday, February 15th. Finally, JPMorgan Chase & Co. assumed coverage on shares of United States Steel in a report on Friday, January 12th. They issued a “neutral” rating and a $52.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $37.89.

United States Steel Stock Down 3.5 %

Shares of X opened at $36.60 on Thursday. United States Steel Co. has a 52 week low of $20.40 and a 52 week high of $50.20. The firm has a market capitalization of $8.23 billion, a P/E ratio of 10.43 and a beta of 2.00. The company has a 50-day simple moving average of $42.78 and a 200-day simple moving average of $41.33. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.22 and a current ratio of 1.76.

United States Steel (NYSE:X) last posted its quarterly earnings results on Friday, February 2nd. The basic materials company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.21 by $0.46. The firm had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $3.73 billion. United States Steel had a return on equity of 10.80% and a net margin of 4.96%. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.87 EPS. On average, equities research analysts expect that United States Steel Co. will post 2.99 earnings per share for the current year.

United States Steel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Monday, February 12th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Friday, February 9th. United States Steel’s dividend payout ratio (DPR) is presently 5.70%.

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.