Xponance Inc. Increases Stake in United States Steel Co. (NYSE:X)

Xponance Inc. raised its stake in United States Steel Co. (NYSE:X) by 11.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 27,838 shares of the basic materials company’s stock after purchasing an additional 2,933 shares during the quarter. Xponance Inc.’s holdings in United States Steel were worth $946,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Corient Private Wealth LLC raised its stake in shares of United States Steel by 22.9% during the fourth quarter. Corient Private Wealth LLC now owns 35,939 shares of the basic materials company’s stock valued at $1,221,000 after acquiring an additional 6,707 shares during the last quarter. CBIZ Investment Advisory Services LLC bought a new position in United States Steel during the 4th quarter valued at approximately $37,000. Monaco Asset Management SAM purchased a new stake in United States Steel in the 4th quarter worth approximately $782,000. Commonwealth Equity Services LLC grew its position in shares of United States Steel by 5.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 32,316 shares of the basic materials company’s stock worth $1,098,000 after buying an additional 1,549 shares during the last quarter. Finally, HBK Sorce Advisory LLC increased its stake in shares of United States Steel by 7.4% during the fourth quarter. HBK Sorce Advisory LLC now owns 6,551 shares of the basic materials company’s stock valued at $223,000 after buying an additional 449 shares during the period. Hedge funds and other institutional investors own 81.92% of the company’s stock.

United States Steel Stock Performance

United States Steel stock opened at $40.90 on Monday. The stock’s 50 day moving average is $37.88 and its 200 day moving average is $36.83. The company has a market capitalization of $9.21 billion, a P/E ratio of 27.45, a PEG ratio of 1.53 and a beta of 1.86. United States Steel Co. has a twelve month low of $26.92 and a twelve month high of $43.35. 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 (NYSE:X) last issued its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. On average, equities research analysts predict that United States Steel Co. will post 1.43 earnings per share for the current fiscal year.

United States Steel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th were paid a $0.05 dividend. The ex-dividend date was Monday, February 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.49%. United States Steel’s dividend payout ratio is presently 13.42%.

Analyst Ratings Changes

X has been the topic of several recent analyst reports. Bank of America assumed coverage on shares of United States Steel in a report on Monday, January 6th. They issued a “neutral” rating and a $35.00 price target on the stock. Jefferies Financial Group cut 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 note on Monday, January 6th. BMO Capital Markets increased their price target on shares of United States Steel from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday. Morgan Stanley lifted their price objective on 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. Finally, JPMorgan Chase & Co. increased their target price on United States Steel from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.32.

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.