XTX Topco Ltd Buys Shares of 23,134 United States Steel Co. (NYSE:X)

XTX Topco Ltd purchased a new stake in United States Steel Co. (NYSE:X) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 23,134 shares of the basic materials company’s stock, valued at approximately $786,000.

Several other hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. increased its holdings in United States Steel by 64.0% during the fourth quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company’s stock worth $25,000 after buying an additional 277 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of United States Steel by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 6,880 shares of the basic materials company’s stock worth $234,000 after acquiring an additional 366 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of United States Steel by 0.8% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 49,730 shares of the basic materials company’s stock worth $1,690,000 after acquiring an additional 412 shares during the last quarter. Covestor Ltd raised its stake in United States Steel by 17.2% in the 4th quarter. Covestor Ltd now owns 2,891 shares of the basic materials company’s stock valued at $98,000 after acquiring an additional 424 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in United States Steel by 50.0% during the 4th quarter. GAMMA Investing LLC now owns 1,326 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 442 shares during the last quarter. 81.92% of the stock is currently owned by institutional investors and hedge funds.

United States Steel Stock Down 0.7 %

Shares of X opened at $41.54 on Friday. 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 12 month low of $26.92 and a 12 month high of $46.18. The firm’s 50 day moving average is $40.10 and its 200-day moving average is $37.78. The stock has a market capitalization of $9.40 billion, a PE ratio of 27.88, a P/E/G ratio of 1.53 and a beta of 1.79.

United States Steel (NYSE:X) last posted its quarterly earnings data 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%. Equities research analysts forecast that United States Steel Co. will post 1.43 EPS for the current year.

United States Steel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, February 10th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend was Monday, February 10th. United States Steel’s dividend payout ratio (DPR) is presently 13.42%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Morgan Stanley upped their price objective on shares of United States Steel from $39.00 to $43.00 and gave the company an “equal weight” rating in a report on Friday, March 7th. BMO Capital Markets reiterated a “market perform” rating and issued a $45.00 price target on shares of United States Steel in a research note on Monday, March 31st. Jefferies Financial Group lowered their price target on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Bank of America began coverage on United States Steel in a report on Monday, January 6th. They set a “neutral” rating and a $35.00 price objective for the company. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $38.00 target price (down previously from $43.00) on shares of United States Steel in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, United States Steel currently has an average rating of “Hold” and a consensus price target of $39.94.

United States Steel 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.