Xponance Inc. Sells 1,734 Shares of United States Steel Co. (NYSE:X)

Xponance Inc. lessened its stake in United States Steel Co. (NYSE:X) by 6.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 27,083 shares of the basic materials company’s stock after selling 1,734 shares during the quarter. Xponance Inc.’s holdings in United States Steel were worth $1,318,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Wolff Wiese Magana LLC increased its position in United States Steel by 181.4% during the third quarter. Wolff Wiese Magana LLC now owns 985 shares of the basic materials company’s stock worth $32,000 after buying an additional 635 shares during the last quarter. Rakuten Securities Inc. acquired a new position in shares of United States Steel during the 4th quarter worth approximately $53,000. Fifth Third Bancorp raised its stake in United States Steel by 60.8% in the 3rd quarter. Fifth Third Bancorp now owns 1,270 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 480 shares during the period. Rise Advisors LLC acquired a new stake in United States Steel during the 4th quarter valued at $97,000. Finally, Trust Co. of Vermont acquired a new stake in United States Steel during the 3rd quarter valued at $65,000. 81.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on X shares. StockNews.com started coverage on shares of United States Steel in a research report on Sunday. They issued a “hold” rating on the stock. JPMorgan Chase & Co. assumed coverage on shares of United States Steel in a research report on Friday, January 12th. They set a “neutral” rating and a $52.00 price objective for the company. Morgan Stanley downgraded United States Steel from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $40.00 to $51.00 in a research report on Thursday, February 15th. Wolfe Research raised United States Steel from a “peer perform” rating to an “outperform” rating and set a $46.00 price target for the company in a report on Tuesday, April 9th. Finally, BMO Capital Markets decreased their price objective on United States Steel from $55.00 to $45.00 and set a “market perform” rating on the stock in a report on Tuesday, March 19th. Nine investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, United States Steel has an average rating of “Hold” and a consensus price target of $37.89.

United States Steel Price Performance

Shares of NYSE X opened at $36.60 on Thursday. The stock has a market capitalization of $8.23 billion, a PE ratio of 10.43 and a beta of 2.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.76 and a quick ratio of 1.22. The business has a fifty day moving average price of $42.78 and a two-hundred day moving average price of $41.33. United States Steel Co. has a fifty-two week low of $20.40 and a fifty-two week high of $50.20.

United States Steel (NYSE:X) last issued its quarterly earnings results on Friday, February 2nd. The basic materials company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.46. The company had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $3.73 billion. United States Steel had a return on equity of 10.80% and a net margin of 4.96%. United States Steel’s revenue was down 4.5% on a year-over-year basis. During the same quarter last year, the business earned $0.87 earnings per share. As a group, equities analysts predict that United States Steel Co. will post 2.99 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Monday, February 12th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Friday, February 9th. United States Steel’s payout ratio is presently 5.70%.

United States Steel 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.