United States Steel Co. (NYSE:X) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp lifted its holdings in shares of United States Steel Co. (NYSE:X) by 26.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 477,016 shares of the basic materials company’s stock after purchasing an additional 99,665 shares during the quarter. Van ECK Associates Corp’s holdings in United States Steel were worth $16,214,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Rakuten Securities Inc. grew its holdings in shares of United States Steel by 9.2% during the third quarter. Rakuten Securities Inc. now owns 3,328 shares of the basic materials company’s stock valued at $118,000 after purchasing an additional 279 shares during the last quarter. D.A. Davidson & CO. grew its stake in United States Steel by 0.7% during the 3rd quarter. D.A. Davidson & CO. now owns 44,450 shares of the basic materials company’s stock worth $1,570,000 after buying an additional 301 shares during the last quarter. Arkadios Wealth Advisors increased its position in United States Steel by 1.7% in the third quarter. Arkadios Wealth Advisors now owns 18,635 shares of the basic materials company’s stock worth $658,000 after buying an additional 306 shares during the period. Captrust Financial Advisors lifted its stake in United States Steel by 4.8% in the third quarter. Captrust Financial Advisors now owns 7,012 shares of the basic materials company’s stock valued at $248,000 after buying an additional 321 shares during the last quarter. Finally, Creative Planning boosted its holdings in shares of United States Steel by 2.0% during the third quarter. Creative Planning now owns 18,340 shares of the basic materials company’s stock valued at $648,000 after acquiring an additional 360 shares during the period. Institutional investors and hedge funds own 81.92% of the company’s stock.

United States Steel Trading Down 1.0 %

Shares of X stock opened at $38.42 on Friday. The stock has a 50-day simple moving average of $35.00 and a 200 day simple moving average of $36.95. The stock has a market capitalization of $8.65 billion, a P/E ratio of 25.79, a P/E/G ratio of 1.30 and a beta of 1.86. United States Steel Co. has a fifty-two week low of $26.92 and a fifty-two week high of $48.13. 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 posted its quarterly earnings data 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, sell-side analysts expect that United States Steel Co. will post 1.75 earnings per share for the current fiscal year.

United States Steel Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. United States Steel’s dividend payout ratio (DPR) is presently 13.42%.

Analyst Ratings Changes

X has been the topic of several recent research reports. Jefferies Financial Group cut their price objective 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. Bank of America initiated coverage on United States Steel in a report on Monday, January 6th. They set a “neutral” rating and a $35.00 price target on the stock. Morgan Stanley restated an “equal weight” rating and issued a $39.00 target price on shares of United States Steel in a research report on Monday, February 3rd. BMO Capital Markets reduced their price target on United States Steel from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, December 20th. Finally, JPMorgan Chase & Co. decreased their price target on 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. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, United States Steel presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.82.

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.