Mariner LLC Boosts Holdings in United States Steel Co. (NYSE:X)

Mariner LLC lifted its holdings in United States Steel Co. (NYSE:X) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,306 shares of the basic materials company’s stock after purchasing an additional 469 shares during the period. Mariner LLC’s holdings in United States Steel were worth $1,540,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in X. Bessemer Group Inc. increased its position in shares of United States Steel by 64.0% during the 4th quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 277 shares during the last quarter. CIBC Asset Management Inc lifted its stake in United States Steel by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 6,880 shares of the basic materials company’s stock worth $234,000 after acquiring an additional 366 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of United States Steel by 0.8% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 49,730 shares of the basic materials company’s stock worth $1,690,000 after purchasing an additional 412 shares in the last quarter. Covestor Ltd increased its stake in United States Steel by 17.2% in the fourth quarter. Covestor Ltd now owns 2,891 shares of the basic materials company’s stock valued at $98,000 after purchasing an additional 424 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of United States Steel by 50.0% during 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 currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in 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 report on Monday, January 6th. Morgan Stanley increased their price objective on United States Steel from $39.00 to $43.00 and gave the company an “equal weight” rating in a research note on Friday, March 7th. BMO Capital Markets reiterated a “market perform” rating and issued a $45.00 target price on shares of United States Steel in a research note on Monday, March 31st. Bank of America started coverage on shares of United States Steel in a research note on Monday, January 6th. They set a “neutral” rating and a $35.00 price target on the stock. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $38.00 price objective (down from $43.00) on shares of United States Steel in a research note on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $39.94.

United States Steel Stock Performance

X opened at $42.26 on Friday. The stock has a market cap of $9.57 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 1.53 and a beta of 1.79. The company has a current ratio of 1.55, a quick ratio of 0.91 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 $46.18. The business’s 50 day moving average is $40.34 and its 200-day moving average is $37.99.

United States Steel (NYSE:X) last released 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 net margin of 2.46% and a return on equity of 4.27%. On average, analysts predict that United States Steel Co. will post 1.43 earnings per share for the current year.

United States Steel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th were given 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 yield of 0.47%. United States Steel’s payout ratio is 13.42%.

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.