Jade Capital Advisors LLC Has $530,000 Stock Position in United States Steel Co. (NYSE:X)

Jade Capital Advisors LLC increased its stake in shares of United States Steel Co. (NYSE:X) by 50.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,000 shares of the basic materials company’s stock after buying an additional 5,000 shares during the quarter. Jade Capital Advisors LLC’s holdings in United States Steel were worth $530,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of X. Water Island Capital LLC lifted its holdings in shares of United States Steel by 5.3% during the second quarter. Water Island Capital LLC now owns 906,092 shares of the basic materials company’s stock valued at $34,250,000 after acquiring an additional 45,567 shares during the period. KGH Ltd lifted its holdings in United States Steel by 68.2% during the 2nd quarter. KGH Ltd now owns 4,255,000 shares of the basic materials company’s stock valued at $160,839,000 after purchasing an additional 1,724,670 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in United States Steel by 94.3% during the 1st quarter. Janus Henderson Group PLC now owns 211,043 shares of the basic materials company’s stock valued at $8,601,000 after purchasing an additional 102,450 shares during the last quarter. Cannon Global Investment Management LLC acquired a new position in United States Steel in the first quarter valued at about $2,055,000. Finally, Gamco Investors INC. ET AL grew its stake in United States Steel by 146.4% during the first quarter. Gamco Investors INC. ET AL now owns 26,000 shares of the basic materials company’s stock worth $1,060,000 after buying an additional 15,450 shares during the last quarter. Institutional investors and hedge funds own 81.92% of the company’s stock.

United States Steel Price Performance

X opened at $38.91 on Tuesday. The company has a fifty day moving average price of $36.67 and a two-hundred day moving average price of $37.81. The firm has a market capitalization of $8.75 billion, a PE ratio of 17.37 and a beta of 1.87. United States Steel Co. has a 52 week low of $26.92 and a 52 week high of $50.20. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.72.

United States Steel (NYSE:X) last announced its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. United States Steel had a return on equity of 7.93% and a net margin of 3.40%. The business had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the previous year, the firm earned $1.92 earnings per share. The firm’s quarterly revenue was down 17.8% compared to the same quarter last year. As a group, analysts anticipate that United States Steel Co. will post 2.17 earnings per share for the current year.

United States Steel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 12th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Monday, August 12th. United States Steel’s dividend payout ratio is currently 8.93%.

Analysts Set New Price Targets

Several brokerages have recently commented on X. BMO Capital Markets raised United States Steel from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $43.00 to $45.00 in a report on Wednesday, June 26th. Glj Research upgraded United States Steel from a “sell” rating to a “buy” rating and set a $38.57 target price on the stock in a report on Monday, September 9th. JPMorgan Chase & Co. upgraded United States Steel from a “neutral” rating to an “overweight” rating and raised their target price for the company from $40.00 to $42.00 in a research note on Monday, September 9th. Jefferies Financial Group lowered their price objective on shares of United States Steel from $47.00 to $41.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Finally, StockNews.com started coverage on shares of United States Steel in a research note on Monday, August 19th. They issued a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.62.

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.