Liberty Mutual Group Asset Management Inc. lessened its position in United States Steel Co. (NYSE:X) by 5.0% during the fourth quarter, Holdings Channel reports. The fund owned 44,338 shares of the basic materials company’s stock after selling 2,325 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in United States Steel were worth $1,560,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Enterprise Financial Services Corp bought a new stake in United States Steel in the 3rd quarter worth $120,000. US Bancorp DE grew its holdings in United States Steel by 81.2% in the 4th quarter. US Bancorp DE now owns 4,563 shares of the basic materials company’s stock worth $160,000 after acquiring an additional 2,045 shares during the last quarter. Dynamic Advisors Solutions LLC bought a new stake in United States Steel in the 4th quarter worth $202,000. NJ State Employees Deferred Compensation Plan bought a new stake in United States Steel in the 3rd quarter worth $205,000. Finally, CIBC Asset Management Inc bought a new stake in shares of United States Steel during the 4th quarter valued at about $209,000. 66.01% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently weighed in on X. Argus reaffirmed a “buy” rating and set a $52.00 target price (up previously from $41.00) on shares of United States Steel in a research note on Wednesday, February 21st. Morgan Stanley cut their target price on shares of United States Steel from $46.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 6th. BMO Capital Markets lifted their price target on shares of United States Steel to $40.00 and gave the company a “market perform” rating in a research report on Friday, February 2nd. ValuEngine raised shares of United States Steel from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Cowen reaffirmed a “market perform” rating and issued a $41.00 target price (up from $40.00) on shares of United States Steel in a report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. United States Steel has a consensus rating of “Buy” and an average price target of $35.29.
United States Steel Co. (NYSE:X) opened at $44.00 on Wednesday. The company has a current ratio of 1.75, a quick ratio of 1.11 and a debt-to-equity ratio of 0.81. United States Steel Co. has a twelve month low of $18.55 and a twelve month high of $46.82. The firm has a market cap of $7,700.00, a P/E ratio of 25.58, a PEG ratio of 1.37 and a beta of 3.08.
United States Steel (NYSE:X) last released its quarterly earnings data on Wednesday, January 31st. The basic materials company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.09. United States Steel had a net margin of 3.16% and a return on equity of 12.56%. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the previous year, the company earned $0.27 earnings per share. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. analysts anticipate that United States Steel Co. will post 3.98 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 9th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, February 8th. This represents a $0.20 annualized dividend and a yield of 0.45%. United States Steel’s dividend payout ratio (DPR) is 11.63%.
United States Steel Profile
United States Steel Corporation is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular).
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