United States Steel Co. (NYSE:X) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its stake in shares of United States Steel Co. (NYSE:X – Get Rating) by 18.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,441 shares of the basic materials company’s stock after acquiring an additional 7,321 shares during the period. Envestnet Asset Management Inc.’s holdings in United States Steel were worth $1,188,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in shares of United States Steel by 13.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 10,771,233 shares of the basic materials company’s stock valued at $195,183,000 after acquiring an additional 1,284,547 shares during the period. First Trust Advisors LP raised its position in shares of United States Steel by 46.2% during the 3rd quarter. First Trust Advisors LP now owns 3,890,460 shares of the basic materials company’s stock worth $70,495,000 after purchasing an additional 1,229,322 shares during the last quarter. Marshall Wace LLP raised its position in shares of United States Steel by 23.2% during the 3rd quarter. Marshall Wace LLP now owns 2,811,971 shares of the basic materials company’s stock worth $50,950,000 after purchasing an additional 530,212 shares during the last quarter. Donald Smith & CO. Inc. raised its position in shares of United States Steel by 3.4% during the 3rd quarter. Donald Smith & CO. Inc. now owns 2,641,825 shares of the basic materials company’s stock worth $47,870,000 after purchasing an additional 86,576 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its position in shares of United States Steel by 6.6% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,618,678 shares of the basic materials company’s stock worth $47,450,000 after purchasing an additional 162,634 shares during the last quarter. 75.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other United States Steel news, Director Andrea J. Ayers purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 3rd. The stock was purchased at an average cost of $31.45 per share, with a total value of $31,450.00. Following the transaction, the director now owns 5,014 shares in the company, valued at $157,690.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Richard Fruehauf sold 37,500 shares of the company’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $31.38, for a total transaction of $1,176,750.00. Following the completion of the sale, the senior vice president now directly owns 57,826 shares of the company’s stock, valued at approximately $1,814,579.88. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Andrea J. Ayers purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 3rd. The shares were acquired at an average cost of $31.45 per share, with a total value of $31,450.00. Following the completion of the transaction, the director now owns 5,014 shares in the company, valued at approximately $157,690.30. The disclosure for this purchase can be found here. Corporate insiders own 0.98% of the company’s stock.

United States Steel Stock Down 0.4 %

Shares of NYSE X opened at $21.61 on Wednesday. United States Steel Co. has a 52-week low of $16.41 and a 52-week high of $31.55. The firm has a fifty day moving average of $24.01 and a 200-day moving average of $25.90. The stock has a market capitalization of $4.89 billion, a PE ratio of 3.21 and a beta of 2.14. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.38.

United States Steel (NYSE:X – Get Rating) last announced its quarterly earnings data on Friday, April 28th. The basic materials company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.16. United States Steel had a net margin of 9.07% and a return on equity of 19.66%. The company had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.25 billion. During the same period in the previous year, the company earned $3.05 EPS. The business’s quarterly revenue was down 14.6% compared to the same quarter last year. On average, analysts anticipate that United States Steel Co. will post 4.07 EPS for the current year.

United States Steel Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 7th. Stockholders of record on Monday, May 8th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, May 5th. This represents a $0.20 annualized dividend and a dividend yield of 0.93%. United States Steel’s dividend payout ratio is presently 2.97%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on United States Steel in a research report on Tuesday. They set a “neutral” rating and a $24.00 price objective for the company. BMO Capital Markets cut their price objective on United States Steel from $30.00 to $27.00 in a research report on Monday, May 1st. The Goldman Sachs Group lifted their price objective on United States Steel from $23.00 to $26.00 and gave the stock a “sell” rating in a research report on Monday, February 6th. Wolfe Research raised shares of United States Steel from an “underperform” rating to a “market perform” rating in a research note on Monday, March 20th. Finally, Morgan Stanley lifted their target price on shares of United States Steel from $20.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, United States Steel currently has a consensus rating of “Hold” and a consensus price target of $28.14.

About United States Steel

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United States Steel Corp. engages in the manufacturing and selling of steel products. It operates through the following business segments: Flat-Rolled Products, Mini Mill, U.S. Steel Europe, and Tubular Products. The Flat-Rolled Products segment includes managing steel plants and production facilities that manufacture steel slabs, rounds, strip mill plates, sheets, tin mill, iron ore, and coke.