Rockefeller Capital Management L.P. Boosts Stock Position in United States Steel Co. (NYSE:X)

Rockefeller Capital Management L.P. boosted its stake in United States Steel Co. (NYSE:X) by 646.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 506,694 shares of the basic materials company’s stock after acquiring an additional 438,771 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in United States Steel were worth $17,902,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Rothschild Investment LLC purchased a new position in shares of United States Steel in the second quarter valued at approximately $26,000. Palouse Capital Management Inc. purchased a new position in United States Steel in the 3rd quarter valued at $35,000. Gladius Capital Management LP acquired a new stake in United States Steel during the 3rd quarter worth $39,000. Blue Trust Inc. grew its holdings in shares of United States Steel by 339.0% during the second quarter. Blue Trust Inc. now owns 1,001 shares of the basic materials company’s stock worth $41,000 after buying an additional 773 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of United States Steel in the second quarter valued at about $46,000. Hedge funds and other institutional investors own 81.92% of the company’s stock.

United States Steel Stock Performance

NYSE X opened at $40.77 on Monday. The stock has a fifty day simple moving average of $38.11 and a 200-day simple moving average of $37.91. The company has a current ratio of 1.67, a quick ratio of 1.08 and a debt-to-equity ratio of 0.35. The stock has a market cap of $9.18 billion, a PE ratio of 26.82 and a beta of 1.86. United States Steel Co. has a twelve month low of $26.92 and a twelve month high of $50.20.

United States Steel (NYSE:X) last announced its earnings results on Thursday, October 31st. The basic materials company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.15. The company had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.77 billion. United States Steel had a net margin of 2.41% and a return on equity of 6.01%. United States Steel’s revenue was down 13.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.36 earnings per share. Equities analysts anticipate that United States Steel Co. will post 2.21 earnings per share for the current year.

United States Steel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Monday, November 11th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Friday, November 8th. United States Steel’s payout ratio is 13.16%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on X shares. Morgan Stanley upped their price objective on shares of United States Steel from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Jefferies Financial Group cut their price target on United States Steel from $47.00 to $41.00 and set a “buy” rating for the company in a report on Thursday, September 5th. StockNews.com started coverage on United States Steel in a research note on Monday, August 19th. They set a “hold” rating on the stock. BMO Capital Markets cut their target price on United States Steel from $45.00 to $43.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. raised shares of United States Steel from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $40.00 to $42.00 in a report on Monday, September 9th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $42.80.

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.