United States Steel Co. (NYSE:X) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in United States Steel Co. (NYSE:X) by 1.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 118,944 shares of the basic materials company’s stock after selling 1,971 shares during the quarter. Mutual of America Capital Management LLC owned about 0.05% of United States Steel worth $4,043,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Empirical Asset Management LLC purchased a new stake in United States Steel in the 4th quarter valued at about $525,000. ARS Investment Partners LLC purchased a new stake in United States Steel in the 4th quarter valued at about $15,510,000. Rockefeller Capital Management L.P. grew its holdings in United States Steel by 646.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 506,694 shares of the basic materials company’s stock valued at $17,902,000 after buying an additional 438,771 shares during the period. Geode Capital Management LLC grew its holdings in United States Steel by 1.0% in the 3rd 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 during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in United States Steel by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,600,708 shares of the basic materials company’s stock valued at $91,883,000 after buying an additional 28,293 shares during the period. Institutional investors and hedge funds own 81.92% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. Morgan Stanley restated an “equal weight” rating and issued a $39.00 price target on shares of United States Steel in a report on Monday, February 3rd. Jefferies Financial Group lowered their price target on United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. decreased their target price on United States Steel from $44.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, January 17th. BMO Capital Markets decreased their target price on United States Steel from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, December 20th. Finally, Bank of America began coverage on United States Steel in a report on Monday, January 6th. They set a “neutral” rating and a $35.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, United States Steel currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.82.

United States Steel Stock Down 0.8 %

NYSE X opened at $37.39 on Thursday. The stock has a market cap of $8.42 billion, a PE ratio of 25.10, a P/E/G ratio of 1.53 and a beta of 1.86. United States Steel Co. has a fifty-two week low of $26.92 and a fifty-two week high of $48.07. The business has a 50 day moving average price of $36.37 and a two-hundred day moving average price of $36.70. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36.

United States Steel (NYSE:X) last released its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.38). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. As a group, sell-side analysts predict that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is 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.