Vanguard Group Inc. Has $698.79 Million Position in United States Steel Co. (NYSE:X)

Vanguard Group Inc. boosted its position in United States Steel Co. (NYSE:X) by 0.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,558,732 shares of the basic materials company’s stock after purchasing an additional 186,994 shares during the quarter. Vanguard Group Inc. owned about 9.13% of United States Steel worth $698,791,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in X. Empirical Asset Management LLC acquired a new position in shares of United States Steel in the fourth quarter valued at about $525,000. ARS Investment Partners LLC acquired a new position in shares of United States Steel during the 4th quarter worth approximately $15,510,000. Rockefeller Capital Management L.P. increased its holdings in shares of United States Steel by 646.0% during the third quarter. Rockefeller Capital Management L.P. now owns 506,694 shares of the basic materials company’s stock worth $17,902,000 after purchasing an additional 438,771 shares during the period. Geode Capital Management LLC raised its position in shares of United States Steel by 1.0% in the third quarter. Geode Capital Management LLC now owns 3,839,684 shares of the basic materials company’s stock valued at $135,691,000 after buying an additional 37,528 shares in the last quarter. Finally, Heck Capital Advisors LLC bought a new stake in shares of United States Steel in the fourth quarter valued at approximately $554,000. Institutional investors own 81.92% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on X. Morgan Stanley raised their price objective on United States Steel from $39.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Friday, March 7th. BMO Capital Markets boosted their price target on United States Steel from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, March 21st. Bank of America began coverage on shares of United States Steel in a research note on Monday, January 6th. They set a “neutral” rating and a $35.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on shares of United States Steel from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Finally, Jefferies Financial Group reduced 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 research report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $41.32.

United States Steel Price Performance

X stock opened at $43.00 on Monday. United States Steel Co. has a 1 year low of $26.92 and a 1 year high of $44.87. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91. The stock has a market cap of $9.73 billion, a price-to-earnings ratio of 28.86, a P/E/G ratio of 1.53 and a beta of 1.86. The company has a 50 day simple moving average of $38.52 and a 200 day simple moving average of $37.21.

United States Steel (NYSE:X) last announced its quarterly earnings results 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 net margin of 2.46% and a return on equity of 4.27%. Research analysts anticipate that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend was Monday, February 10th. United States Steel’s dividend payout ratio is presently 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.