United States Steel Co. (NYSE:X) Shares Purchased by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC boosted its holdings in United States Steel Co. (NYSE:X) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,551 shares of the basic materials company’s stock after buying an additional 449 shares during the quarter. HBK Sorce Advisory LLC’s holdings in United States Steel were worth $223,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Castle Hook Partners LP acquired a new position in United States Steel in the 3rd quarter worth approximately $91,712,000. Holocene Advisors LP acquired a new stake in shares of United States Steel in the 3rd quarter valued at $51,620,000. Massachusetts Financial Services Co. MA lifted its stake in shares of United States Steel by 26.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,598,831 shares of the basic materials company’s stock valued at $162,477,000 after purchasing an additional 964,467 shares during the last quarter. E. Ohman J or Asset Management AB bought a new position in United States Steel in the 4th quarter worth $17,907,000. Finally, ARS Investment Partners LLC bought a new position in United States Steel in the 4th quarter worth $15,510,000. Institutional investors and hedge funds own 81.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on X. Bank of America began coverage on shares of United States Steel in a report on Monday, January 6th. They set a “neutral” rating and a $35.00 price objective on the stock. Morgan Stanley boosted their price target on shares of United States Steel from $39.00 to $43.00 and gave the company an “equal weight” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. boosted their price target on shares of United States Steel from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Jefferies Financial Group reduced their target price on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, BMO Capital Markets cut their price objective on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, United States Steel presently has an average rating of “Moderate Buy” and a consensus target price of $40.70.

United States Steel Stock Up 3.8 %

Shares of NYSE:X opened at $38.94 on Friday. United States Steel Co. has a 52 week low of $26.92 and a 52 week high of $43.35. 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 company has a market capitalization of $8.77 billion, a PE ratio of 26.13, a PEG ratio of 1.53 and a beta of 1.86. The company has a 50 day moving average price of $37.09 and a two-hundred day moving average price of $36.65.

United States Steel (NYSE:X) last issued its quarterly earnings data 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%. Analysts forecast that United States Steel Co. will post 1.43 earnings per share for the current year.

United States Steel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, February 10th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Monday, February 10th. United States Steel’s payout ratio is 13.42%.

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.