United States Steel Co. (NYSE:X) Position Trimmed by Magnetar Financial LLC

Magnetar Financial LLC trimmed its holdings in shares of United States Steel Co. (NYSE:X) by 16.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 681,704 shares of the basic materials company’s stock after selling 135,136 shares during the quarter. Magnetar Financial LLC’s holdings in United States Steel were worth $23,171,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in X. D.A. Davidson & CO. boosted its stake in United States Steel by 0.7% in the 3rd quarter. D.A. Davidson & CO. now owns 44,450 shares of the basic materials company’s stock worth $1,570,000 after purchasing an additional 301 shares during the period. Captrust Financial Advisors boosted its stake in United States Steel by 4.8% in the 3rd quarter. Captrust Financial Advisors now owns 7,012 shares of the basic materials company’s stock worth $248,000 after purchasing an additional 321 shares during the period. CIBC Asset Management Inc boosted its stake in United States Steel by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 6,880 shares of the basic materials company’s stock worth $234,000 after purchasing an additional 366 shares during the period. Moors & Cabot Inc. boosted its stake in United States Steel by 5.0% in the 3rd quarter. Moors & Cabot Inc. now owns 8,005 shares of the basic materials company’s stock worth $283,000 after purchasing an additional 380 shares during the period. Finally, GAMMA Investing LLC boosted its stake in United States Steel by 50.0% in the 4th quarter. GAMMA Investing LLC now owns 1,326 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 442 shares during the period. 81.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Bank of America assumed 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. JPMorgan Chase & Co. raised their price objective on shares of United States Steel from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Jefferies Financial Group decreased their target price on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, January 6th. BMO Capital Markets decreased their target price on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, December 20th. Finally, Morgan Stanley lifted their target price on shares of 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. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, United States Steel has a consensus rating of “Moderate Buy” and an average target price of $40.70.

United States Steel Stock Down 0.4 %

United States Steel stock opened at $41.55 on Thursday. The company has a market capitalization of $9.36 billion, a P/E ratio of 27.89, a P/E/G ratio of 1.53 and a beta of 1.86. The firm’s fifty day simple moving average is $37.58 and its 200-day simple moving average 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) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. Sell-side analysts forecast that United States Steel Co. will post 1.43 earnings per share for the current fiscal year.

United States Steel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.48%. United States Steel’s dividend payout ratio is currently 13.42%.

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.