Xact Kapitalforvaltning AB bought a new position in United States Steel Co. (NYSE:X) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 21,500 shares of the basic materials company’s stock, valued at approximately $419,000.
A number of other large investors also recently bought and sold shares of X. Quantamental Technologies LLC bought a new stake in United States Steel in the 4th quarter worth approximately $33,000. Quadrant Capital Group LLC boosted its stake in shares of United States Steel by 1,151.3% during the 1st quarter. Quadrant Capital Group LLC now owns 2,440 shares of the basic materials company’s stock worth $45,000 after acquiring an additional 2,245 shares during the last quarter. Rational Advisors LLC boosted its stake in shares of United States Steel by 999.7% during the 4th quarter. Rational Advisors LLC now owns 3,453 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 3,139 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of United States Steel during the 1st quarter worth $67,000. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of United States Steel by 1,747.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,290,225 shares of the basic materials company’s stock worth $71,000 after acquiring an additional 1,220,388 shares during the last quarter. 62.67% of the stock is owned by institutional investors and hedge funds.
Shares of X traded down $0.41 during trading hours on Friday, reaching $13.86. 141,882 shares of the stock traded hands, compared to its average volume of 12,326,991. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.80 and a current ratio of 1.47. United States Steel Co. has a 52-week low of $11.67 and a 52-week high of $38.89. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 2.61, a price-to-earnings-growth ratio of 1.32 and a beta of 2.78.
United States Steel (NYSE:X) last released its earnings results on Thursday, May 2nd. The basic materials company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.30. United States Steel had a net margin of 7.92% and a return on equity of 24.72%. The company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the previous year, the company earned $0.32 EPS. United States Steel’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities research analysts predict that United States Steel Co. will post 1.3 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, May 13th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Friday, May 10th. United States Steel’s dividend payout ratio (DPR) is 3.73%.
X has been the topic of several analyst reports. UBS Group cut shares of United States Steel from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $22.00 to $10.00 in a research note on Wednesday, May 8th. Goldman Sachs Group cut shares of United States Steel from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $17.00 to $11.00 in a research note on Tuesday, June 4th. Berenberg Bank upgraded shares of United States Steel from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Thursday, February 21st. Bank of America reiterated an “underperform” rating and set a $12.00 price target (down previously from $18.00) on shares of United States Steel in a research note on Friday, May 3rd. Finally, Deutsche Bank cut shares of United States Steel from a “hold” rating to a “sell” rating and set a $12.64 target price on the stock. in a research note on Thursday, May 30th. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $20.35.
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United States Steel Company Profile
United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through three segments: North American Flat-Rolled (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets and tin mill products, as well as all iron ore and coke.
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