Blueshift Asset Management LLC acquired a new position in United States Steel Co. (NYSE:X) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 15,641 shares of the basic materials company’s stock, valued at approximately $285,000.
Other hedge funds have also recently bought and sold shares of the company. We Are One Seven LLC acquired a new position in shares of United States Steel during the 4th quarter worth approximately $25,000. Quantamental Technologies LLC acquired a new position in shares of United States Steel during the 4th quarter worth approximately $33,000. Rational Advisors LLC boosted its holdings 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 purchasing an additional 3,139 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings 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 purchasing an additional 1,220,388 shares during the last quarter. Finally, Destination Wealth Management purchased a new stake in shares of United States Steel during the 4th quarter valued at approximately $84,000. Institutional investors own 64.05% of the company’s stock.
In other news, CFO Kevin Bradley bought 10,000 shares of the business’s stock in a transaction on Friday, February 15th. The shares were bought at an average price of $22.79 per share, with a total value of $227,900.00. Following the completion of the transaction, the chief financial officer now directly owns 122,830 shares in the company, valued at $2,799,295.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.01% of the stock is owned by insiders.
Shares of NYSE X opened at $20.36 on Thursday. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 3.80, a PEG ratio of 1.10 and a beta of 2.78. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.86 and a current ratio of 1.51. United States Steel Co. has a 52-week low of $17.08 and a 52-week high of $40.61.
United States Steel (NYSE:X) last announced its earnings results on Wednesday, January 30th. The basic materials company reported $1.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.01). The firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.77 billion. United States Steel had a net margin of 7.86% and a return on equity of 25.39%. The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.76 EPS. Analysts predict that United States Steel Co. will post 2.38 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Wednesday, February 13th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Tuesday, February 12th. United States Steel’s payout ratio is 3.73%.
Several analysts have recently commented on X shares. ValuEngine lowered shares of United States Steel from a “sell” rating to a “strong sell” rating in a research report on Monday, November 26th. Longbow Research reduced their price target on shares of United States Steel from $49.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, November 27th. UBS Group raised shares of United States Steel from a “sell” rating to a “neutral” rating and reduced their price target for the company from $28.00 to $22.00 in a research report on Monday, December 10th. BMO Capital Markets reaffirmed a “hold” rating and set a $26.00 price target on shares of United States Steel in a research report on Wednesday, December 19th. Finally, Credit Suisse Group lowered shares of United States Steel from an “outperform” rating to a “neutral” rating in a research report on Tuesday, January 8th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $29.27.
About United States Steel
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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