ACG Wealth lessened its stake in shares of United States Steel Co. (NYSE:X) by 14.9% during the 4th quarter, HoldingsChannel reports. The fund owned 69,338 shares of the basic materials company’s stock after selling 12,187 shares during the period. ACG Wealth’s holdings in United States Steel were worth $2,440,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Advisor Group Inc. boosted its position in shares of United States Steel by 3.2% in the 2nd quarter. Advisor Group Inc. now owns 9,834 shares of the basic materials company’s stock worth $218,000 after purchasing an additional 308 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of United States Steel by 1.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 52,267 shares of the basic materials company’s stock worth $1,157,000 after purchasing an additional 889 shares in the last quarter. Oakbrook Investments LLC boosted its position in shares of United States Steel by 14.0% in the 4th quarter. Oakbrook Investments LLC now owns 12,600 shares of the basic materials company’s stock worth $443,000 after purchasing an additional 1,550 shares in the last quarter. US Bancorp DE boosted its position in shares of 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 purchasing an additional 2,045 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of United States Steel by 32.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 8,813 shares of the basic materials company’s stock worth $226,000 after purchasing an additional 2,148 shares in the last quarter. 64.31% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP Colleen M. Darragh sold 9,700 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $30.00, for a total transaction of $291,000.00. Following the sale, the vice president now directly owns 19,136 shares in the company, valued at approximately $574,080. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David B. Burritt sold 36,072 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $39.95, for a total value of $1,441,076.40. Following the sale, the chief executive officer now owns 166,411 shares in the company, valued at $6,648,119.45. The disclosure for this sale can be found here. Insiders have sold a total of 128,706 shares of company stock valued at $4,653,456 in the last quarter. Company insiders own 1.00% of the company’s stock.

United States Steel Co. (X) opened at $36.80 on Wednesday. The firm has a market capitalization of $6,440.00, a PE ratio of 16.88, a price-to-earnings-growth ratio of 1.08 and a beta of 3.08. United States Steel Co. has a 52 week low of $18.55 and a 52 week high of $41.83. 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 (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 Zacks’ consensus estimate of $0.67 by $0.09. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.10 billion. United States Steel had a return on equity of 20.82% and a net margin of 5.08%. The company’s revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS. equities research analysts expect that United States Steel Co. will post 3.95 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 9th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, February 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. United States Steel’s payout ratio is currently 9.17%.

A number of equities analysts recently issued reports on X shares. Bank of America set a $32.00 target price on United States Steel and gave the stock a “buy” rating in a research note on Friday, October 20th. Cowen upgraded United States Steel from an “underperform” rating to a “market perform” rating and raised their target price for the stock from $20.00 to $28.00 in a research note on Thursday, November 2nd. BMO Capital Markets raised their target price on United States Steel from $29.00 to $33.00 and gave the stock a “market perform” rating in a research note on Thursday, November 2nd. ValuEngine lowered United States Steel from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, KeyCorp restated a “hold” rating on shares of United States Steel in a research note on Friday, November 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. United States Steel presently has a consensus rating of “Hold” and an average price target of $32.47.

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About United States Steel

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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