United States Steel Co. (NYSE:X) Stock Holdings Trimmed by South Dakota Investment Council

South Dakota Investment Council reduced its position in United States Steel Co. (NYSE:X) by 15.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 120,783 shares of the basic materials company’s stock after selling 21,700 shares during the quarter. South Dakota Investment Council’s holdings in United States Steel were worth $5,876,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wolverine Asset Management LLC bought a new position in shares of United States Steel during the fourth quarter valued at approximately $1,007,000. GAMMA Investing LLC bought a new position in shares of United States Steel during the fourth quarter valued at approximately $33,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of United States Steel during the fourth quarter valued at approximately $22,034,000. Flynn Zito Capital Management LLC bought a new position in United States Steel in the 4th quarter worth approximately $277,000. Finally, Mraz Amerine & Associates Inc. bought a new position in United States Steel in the 4th quarter worth approximately $272,000. 81.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on X shares. BMO Capital Markets decreased their price objective on United States Steel from $55.00 to $45.00 and set a “market perform” rating for the company in a report on Tuesday, March 19th. JPMorgan Chase & Co. started coverage on United States Steel in a report on Friday, January 12th. They issued a “neutral” rating and a $52.00 price objective for the company. StockNews.com started coverage on United States Steel in a report on Sunday. They issued a “hold” rating for the company. Morgan Stanley lowered United States Steel from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $40.00 to $51.00 in a report on Thursday, February 15th. Finally, Wolfe Research upgraded United States Steel from a “peer perform” rating to an “outperform” rating and set a $46.00 target price for the company in a research report on Tuesday, April 9th. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $37.89.

United States Steel Price Performance

X traded down $1.29 during trading on Wednesday, reaching $36.65. The stock had a trading volume of 4,160,635 shares, compared to its average volume of 4,668,570. The firm has a market capitalization of $8.24 billion, a price-to-earnings ratio of 10.40 and a beta of 2.00. The company has a quick ratio of 1.22, a current ratio of 1.76 and a debt-to-equity ratio of 0.37. United States Steel Co. has a 1-year low of $20.40 and a 1-year high of $50.20. The stock has a 50 day moving average of $42.96 and a two-hundred day moving average of $41.37.

United States Steel (NYSE:X) last announced its quarterly earnings data on Friday, February 2nd. The basic materials company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.46. United States Steel had a return on equity of 10.80% and a net margin of 4.96%. The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the prior year, the firm earned $0.87 EPS. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. As a group, equities analysts anticipate that United States Steel Co. will post 2.99 EPS for the current fiscal year.

United States Steel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Monday, February 12th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.55%. United States Steel’s dividend payout ratio (DPR) is presently 5.70%.

About United States Steel

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.