Swiss National Bank Has $15.04 Million Stake in United States Steel Co. (NYSE:X)

Swiss National Bank raised its position in shares of United States Steel Co. (NYSE:X) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 442,400 shares of the basic materials company’s stock after acquiring an additional 3,500 shares during the period. Swiss National Bank’s holdings in United States Steel were worth $15,037,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in X. Oppenheimer & Co. Inc. acquired a new position in United States Steel during the 3rd quarter valued at $608,000. KBC Group NV increased its holdings in shares of United States Steel by 12.0% during the 3rd quarter. KBC Group NV now owns 5,580 shares of the basic materials company’s stock worth $197,000 after purchasing an additional 596 shares during the period. Natixis Advisors LLC raised its position in shares of United States Steel by 4.9% during the third quarter. Natixis Advisors LLC now owns 31,284 shares of the basic materials company’s stock valued at $1,105,000 after buying an additional 1,455 shares during the last quarter. Quest Partners LLC lifted its stake in shares of United States Steel by 103.4% in the third quarter. Quest Partners LLC now owns 27,248 shares of the basic materials company’s stock valued at $963,000 after buying an additional 13,849 shares during the period. Finally, Moors & Cabot Inc. grew its position in United States Steel by 5.0% during the third quarter. Moors & Cabot Inc. now owns 8,005 shares of the basic materials company’s stock worth $283,000 after buying an additional 380 shares in the last quarter. 81.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

X has been the subject of several recent research reports. Jefferies Financial Group cut their price target on United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a report on Monday, January 6th. Morgan Stanley upped their target price on United States Steel from $39.00 to $43.00 and gave the company an “equal weight” rating in a research note on Friday, March 7th. BMO Capital Markets lowered their price target on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. Bank of America began coverage on shares of United States Steel in a research note on Monday, January 6th. They issued a “neutral” rating and a $35.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their target price on shares of United States Steel from $40.00 to $43.00 and gave the company an “overweight” rating in a research note 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. According to MarketBeat, United States Steel currently has an average rating of “Moderate Buy” and an average target price of $40.70.

United States Steel Price Performance

Shares of United States Steel stock opened at $41.55 on Thursday. The stock has a market capitalization of $9.36 billion, a price-to-earnings ratio of 27.89, a P/E/G ratio of 1.53 and a beta of 1.86. The firm’s 50-day moving average price is $37.58 and its two-hundred day moving average price is $36.72. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. United States Steel Co. has a 1-year low of $26.92 and a 1-year high of $43.35.

United States Steel (NYSE:X) last released its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.38). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. On average, equities 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date was Monday, February 10th. United States Steel’s dividend payout ratio is currently 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.