South Dakota Investment Council Has $2.48 Million Stake in United States Steel Co. (NYSE:X)

South Dakota Investment Council decreased its position in United States Steel Co. (NYSE:X) by 11.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 72,997 shares of the basic materials company’s stock after selling 9,600 shares during the period. South Dakota Investment Council’s holdings in United States Steel were worth $2,481,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Castle Hook Partners LP acquired a new position in shares of United States Steel during the third quarter valued at about $91,712,000. Holocene Advisors LP acquired a new stake in shares of United States Steel in the 3rd quarter worth about $51,620,000. Massachusetts Financial Services Co. MA raised its holdings 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 worth $162,477,000 after acquiring an additional 964,467 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of United States Steel by 4,445.5% in the 3rd quarter. International Assets Investment Management LLC now owns 571,326 shares of the basic materials company’s stock worth $20,185,000 after acquiring an additional 558,757 shares during the last quarter. Finally, E. Ohman J or Asset Management AB acquired a new stake in shares of United States Steel in the 4th quarter worth about $17,907,000. Institutional investors and hedge funds own 81.92% of the company’s stock.

Wall Street Analyst Weigh In

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

United States Steel Trading Down 2.6 %

Shares of X stock opened at $36.93 on Monday. The company has a 50 day moving average of $35.28 and a 200-day moving average of $36.88. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36. United States Steel Co. has a 12-month low of $26.92 and a 12-month high of $48.13. The firm has a market cap of $8.32 billion, a P/E ratio of 24.78, a PEG ratio of 1.53 and a beta of 1.86.

United States Steel (NYSE:X) last issued 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%. Sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Monday, February 10th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Monday, February 10th. United States Steel’s dividend payout ratio (DPR) is presently 13.42%.

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.