SeaCrest Wealth Management LLC bought a new position in shares of United States Steel Co. (NYSE:X) during the 4th quarter, HoldingsChannel reports. The fund bought 7,675 shares of the basic materials company’s stock, valued at approximately $270,000.

A number of other institutional investors and hedge funds have also made changes to their positions in X. Amerigo Asset Management purchased a new stake in shares of United States Steel in the 3rd quarter valued at approximately $158,558,000. State Street Corp increased its position in shares of United States Steel by 6.2% in the 2nd quarter. State Street Corp now owns 5,889,434 shares of the basic materials company’s stock valued at $130,394,000 after purchasing an additional 341,591 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of United States Steel by 2.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,970,333 shares of the basic materials company’s stock valued at $50,558,000 after purchasing an additional 41,931 shares during the last quarter. Jennison Associates LLC increased its position in shares of United States Steel by 8.3% in the 3rd quarter. Jennison Associates LLC now owns 1,016,750 shares of the basic materials company’s stock valued at $26,090,000 after purchasing an additional 77,905 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in shares of United States Steel by 6.5% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 790,965 shares of the basic materials company’s stock valued at $20,296,000 after purchasing an additional 48,143 shares during the last quarter. 64.18% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on X shares. Bank of America set a $32.00 target price on shares of United States Steel and gave the company a “buy” rating in a report on Friday, October 20th. ValuEngine upgraded shares of United States Steel from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Longbow Research upgraded shares of United States Steel from a “neutral” rating to a “buy” rating in a report on Wednesday, December 20th. Cowen restated a “hold” rating and issued a $40.00 target price on shares of United States Steel in a report on Thursday, January 4th. Finally, Axiom Securities upgraded shares of United States Steel from a “sell” rating to a “hold” rating and lowered their target price for the company from $41.83 to $18.55 in a report on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $32.47.

Shares of United States Steel Co. (X) opened at $34.24 on Friday. The firm has a market cap of $6,040.00, a price-to-earnings ratio of 15.71, a P/E/G ratio of 1.07 and a beta of 3.08. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.11 and a current ratio of 1.75. United States Steel Co. has a 52 week low of $18.55 and a 52 week high of $41.83.

United States Steel (NYSE:X) last issued its quarterly earnings results on Wednesday, January 31st. The basic materials company reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.09. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.10 billion. United States Steel had a net margin of 3.16% and a return on equity of 12.56%. United States Steel’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 EPS. analysts forecast that United States Steel Co. will post 3.95 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 9th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Thursday, February 8th. United States Steel’s dividend payout ratio is currently 9.17%.

In related news, VP Colleen M. Darragh sold 9,700 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $30.00, for a total transaction of $291,000.00. Following the completion of the sale, the vice president now owns 19,136 shares in the company, valued at approximately $574,080. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Colleen M. Darragh sold 1,060 shares of the stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $37.85, for a total transaction of $40,121.00. Following the sale, the vice president now owns 18,076 shares of the company’s stock, valued at approximately $684,176.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 128,706 shares of company stock valued at $4,653,456. 1.00% of the stock is owned by company insiders.

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United States Steel Company 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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Institutional Ownership by Quarter for United States Steel (NYSE:X)

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