1,280 Shares in United States Steel Co. (NYSE:X) Acquired by Raiffeisen Bank International AG

Raiffeisen Bank International AG purchased a new stake in United States Steel Co. (NYSE:X) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,280 shares of the basic materials company’s stock, valued at approximately $44,000.

Several other institutional investors also recently made changes to their positions in the stock. NWI Management LP acquired a new position in United States Steel in the fourth quarter valued at $48,946,000. Nuveen Asset Management LLC lifted its stake in shares of United States Steel by 4.7% in the 4th quarter. Nuveen Asset Management LLC now owns 713,381 shares of the basic materials company’s stock valued at $24,248,000 after purchasing an additional 31,865 shares in the last quarter. Mudita Advisors LLP purchased a new stake in shares of United States Steel during the 4th quarter worth about $4,493,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of United States Steel by 6.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,600,274 shares of the basic materials company’s stock worth $54,390,000 after purchasing an additional 95,800 shares during the period. Finally, Graham Capital Management L.P. purchased a new position in United States Steel in the fourth quarter valued at approximately $4,032,000. 81.92% of the stock is owned by hedge funds and other institutional investors.

United States Steel Stock Up 3.1%

Shares of NYSE X opened at $41.61 on Tuesday. United States Steel Co. has a 12-month low of $26.92 and a 12-month high of $46.18. The company has a market cap of $9.42 billion, a P/E ratio of 27.93, a P/E/G ratio of 1.53 and a beta of 1.82. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. The stock has a fifty day moving average price of $41.86 and a 200 day moving average price of $38.51.

United States Steel (NYSE:X) last announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.04). The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.54 billion. United States Steel had a net margin of 2.46% and a return on equity of 4.27%. The firm’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.82 earnings per share. Research analysts anticipate that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Monday, May 12th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, May 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.48%. United States Steel’s dividend payout ratio is presently 68.97%.

Analyst Ratings Changes

Several research firms have issued reports on X. Morgan Stanley boosted their price objective on shares of United States Steel from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday, May 5th. JPMorgan Chase & Co. restated a “neutral” rating and set a $38.00 target price (down previously from $43.00) on shares of United States Steel in a report on Wednesday, April 16th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $45.00 price target on shares of United States Steel in a report on Monday, March 31st. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $39.22.

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.