9,244 Shares in United States Steel Co. (NYSE:X) Acquired by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda purchased a new position in shares of United States Steel Co. (NYSE:X) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,244 shares of the basic materials company’s stock, valued at approximately $327,000.

A number of other hedge funds also recently made changes to their positions in the stock. Scarborough Advisors LLC purchased a new position in shares of United States Steel in the 4th quarter worth about $49,000. Rise Advisors LLC raised its holdings in United States Steel by 31.0% in the first quarter. Rise Advisors LLC now owns 2,608 shares of the basic materials company’s stock valued at $106,000 after buying an additional 617 shares during the period. Range Financial Group LLC lifted its position in United States Steel by 25.4% during the first quarter. Range Financial Group LLC now owns 5,440 shares of the basic materials company’s stock valued at $222,000 after buying an additional 1,101 shares in the last quarter. Riverview Trust Co acquired a new position in United States Steel during the first quarter valued at approximately $29,000. Finally, Atlas Capital Advisors LLC grew its stake in United States Steel by 178.8% during the first quarter. Atlas Capital Advisors LLC now owns 8,516 shares of the basic materials company’s stock worth $347,000 after buying an additional 5,461 shares during the period. Institutional investors and hedge funds own 81.92% of the company’s stock.

United States Steel Stock Up 1.5 %

X stock opened at $36.97 on Wednesday. The company has a market capitalization of $8.32 billion, a P/E ratio of 16.50 and a beta of 1.87. The firm has a 50 day simple moving average of $36.93 and a 200-day simple moving average of $37.91. The company has a current ratio of 1.72, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. United States Steel Co. has a twelve month low of $26.92 and a twelve month high of $50.20.

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

United States Steel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 12th were given a $0.05 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.54%. United States Steel’s payout ratio is 8.93%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on X. Morgan Stanley lifted their target price on shares of United States Steel from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. BNP Paribas upgraded United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 price objective on the stock in a research note on Friday, September 6th. BMO Capital Markets upgraded United States Steel from a “market perform” rating to an “outperform” rating and increased their target price for the company from $43.00 to $45.00 in a research note on Wednesday, June 26th. Glj Research raised United States Steel from a “sell” rating to a “buy” rating and set a $38.57 price target on the stock in a research report on Monday, September 9th. Finally, 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. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $40.62.

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.