United States Steel Co. (NYSE:X) Position Decreased by Victory Capital Management Inc.

Victory Capital Management Inc. cut its position in shares of United States Steel Co. (NYSE:X) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,420 shares of the basic materials company’s stock after selling 696 shares during the quarter. Victory Capital Management Inc.’s holdings in United States Steel were worth $1,442,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. purchased a new stake in United States Steel during the fourth quarter valued at about $27,000. ORG Wealth Partners LLC purchased a new stake in United States Steel during the fourth quarter valued at about $30,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of United States Steel in the fourth quarter worth approximately $34,000. Byrne Asset Management LLC lifted its position in shares of United States Steel by 4,680.0% in the fourth quarter. Byrne Asset Management LLC now owns 1,195 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 1,170 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of United States Steel by 50.0% in the fourth quarter. GAMMA Investing LLC now owns 1,326 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 442 shares in the last quarter. 81.92% of the stock is owned by hedge funds and other institutional investors.

United States Steel Price Performance

Shares of X opened at $41.71 on Wednesday. United States Steel Co. has a twelve month low of $26.92 and a twelve month high of $43.35. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. The firm’s 50 day moving average price is $37.40 and its 200 day moving average price is $36.68. The firm has a market cap of $9.39 billion, a PE ratio of 28.00, a PEG ratio of 1.53 and a beta of 1.86.

United States Steel (NYSE:X) last announced its quarterly 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 net margin of 2.46% and a return on equity of 4.27%. As a group, research analysts expect 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 was paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, February 10th. This represents a $0.20 annualized dividend and a yield of 0.48%. United States Steel’s dividend payout ratio (DPR) is presently 13.42%.

Analyst Ratings Changes

X has been the subject of a number of research analyst reports. Jefferies Financial Group reduced their price target on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Bank of America initiated coverage on shares of United States Steel in a research report on Monday, January 6th. They issued a “neutral” rating and a $35.00 price target for the company. Morgan Stanley increased their price target on shares of United States Steel from $39.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. increased their price target on shares of United States Steel from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Finally, BMO Capital Markets reduced their price target on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, December 20th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.70.

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.