United States Steel Co. (NYSE:X) Shares Acquired by Hartree Partners LP

Hartree Partners LP boosted its position in shares of United States Steel Co. (NYSE:X) by 140.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 257,606 shares of the basic materials company’s stock after acquiring an additional 150,669 shares during the quarter. United States Steel comprises 3.3% of Hartree Partners LP’s holdings, making the stock its 9th biggest position. Hartree Partners LP’s holdings in United States Steel were worth $8,756,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in X. Vanguard Group Inc. increased its stake in shares of United States Steel by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 20,558,732 shares of the basic materials company’s stock valued at $698,791,000 after acquiring an additional 186,994 shares during the last quarter. Norges Bank purchased a new stake in shares of United States Steel during the fourth quarter valued at approximately $130,731,000. Geode Capital Management LLC boosted its stake 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 purchasing an additional 37,528 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in United States Steel by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,635,715 shares of the basic materials company’s stock worth $89,588,000 after buying an additional 35,007 shares in the last quarter. Finally, Holocene Advisors LP acquired a new stake in shares of United States Steel during the third quarter valued at about $51,620,000. Institutional investors and hedge funds own 81.92% of the company’s stock.

United States Steel Price Performance

NYSE X opened at $43.00 on Friday. The firm has a market cap of $9.73 billion, a P/E ratio of 28.86, a price-to-earnings-growth ratio of 1.53 and a beta of 1.86. 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’s 50-day moving average is $38.52 and its two-hundred day moving average is $37.19. United States Steel Co. has a fifty-two week low of $26.92 and a fifty-two week high of $44.87.

United States Steel (NYSE:X) last issued its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.38). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. On average, analysts anticipate that United States Steel Co. will post 1.43 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.47%. United States Steel’s dividend payout ratio (DPR) is 13.42%.

Analyst Upgrades and Downgrades

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

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.