Oddo BHF Asset Management Sas Takes Position in United States Steel Co. (NYSE:X)

Oddo BHF Asset Management Sas acquired a new position in shares of United States Steel Co. (NYSE:X) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 25,000 shares of the basic materials company’s stock, valued at approximately $883,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rothschild Investment LLC bought a new position in shares of United States Steel during the second quarter valued at $26,000. Palouse Capital Management Inc. acquired a new stake in United States Steel in the third quarter valued at $35,000. Blue Trust Inc. raised its position in United States Steel by 339.0% during the 2nd quarter. Blue Trust Inc. now owns 1,001 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 773 shares during the last quarter. Gladius Capital Management LP acquired a new position in United States Steel during the 3rd quarter worth about $39,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of United States Steel in the 2nd quarter valued at about $46,000. Institutional investors and hedge funds own 81.92% of the company’s stock.

United States Steel Stock Down 2.2 %

Shares of NYSE X opened at $33.26 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.67 and a debt-to-equity ratio of 0.35. The firm has a market cap of $7.49 billion, a PE ratio of 21.88 and a beta of 1.83. The company’s fifty day simple moving average is $38.29 and its 200 day simple moving average is $37.95. United States Steel Co. has a 12-month low of $26.92 and a 12-month high of $50.20.

United States Steel (NYSE:X) last released its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. United States Steel had a net margin of 2.41% and a return on equity of 6.01%. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the prior year, the firm earned $1.36 EPS. The business’s revenue was down 13.0% on a year-over-year basis. As a group, sell-side analysts forecast that United States Steel Co. will post 2.17 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Monday, November 11th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.60%. United States Steel’s dividend payout ratio (DPR) is presently 13.16%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. BNP Paribas raised United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 price objective on the stock in a research note on Friday, September 6th. Glj Research upgraded shares of United States Steel from a “sell” rating to a “buy” rating and set a $38.57 price target on the stock in a research report on Monday, September 9th. JPMorgan Chase & Co. upgraded shares of United States Steel from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $40.00 to $42.00 in a research report on Monday, September 9th. Jefferies Financial Group dropped their target price on shares of United States Steel from $47.00 to $41.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Finally, BMO Capital Markets decreased their price target on United States Steel from $45.00 to $43.00 and set an “outperform” rating for the company in a report on Friday, November 1st. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.