Chesapeake Capital Corp IL Has $443,000 Holdings in United States Steel Co. (NYSE:X)

Chesapeake Capital Corp IL lessened its holdings in shares of United States Steel Co. (NYSE:X) by 25.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,855 shares of the basic materials company’s stock after selling 3,696 shares during the quarter. Chesapeake Capital Corp IL’s holdings in United States Steel were worth $443,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Byrne Asset Management LLC increased its holdings in shares of United States Steel by 1,140.0% during the first quarter. Byrne Asset Management LLC now owns 620 shares of the basic materials company’s stock worth $25,000 after buying an additional 570 shares in the last quarter. Pacific Capital Wealth Advisors Inc. acquired a new stake in United States Steel in the fourth quarter valued at $25,000. Riverview Trust Co acquired a new stake in United States Steel in the first quarter valued at $29,000. GAMMA Investing LLC acquired a new stake in United States Steel in the fourth quarter valued at $33,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in United States Steel in the first quarter valued at $41,000. Institutional investors own 81.92% of the company’s stock.

United States Steel Trading Up 0.9 %

NYSE:X traded up $0.34 during trading hours on Friday, reaching $38.18. The company’s stock had a trading volume of 3,675,467 shares, compared to its average volume of 2,571,676. The firm has a market capitalization of $8.58 billion, a price-to-earnings ratio of 11.20 and a beta of 1.93. The firm has a 50-day simple moving average of $37.58 and a 200-day simple moving average of $41.49. United States Steel Co. has a 1 year low of $22.26 and a 1 year high of $50.20. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.71.

United States Steel (NYSE:X) last released its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. United States Steel had a net margin of 4.89% and a return on equity of 10.61%. The firm had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.22 billion. Research analysts expect that United States Steel Co. will post 2.49 EPS for the current fiscal year.

United States Steel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Monday, May 13th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, May 10th. United States Steel’s dividend payout ratio is currently 5.87%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on X shares. BMO Capital Markets upgraded United States Steel from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $43.00 to $45.00 in a report on Wednesday, June 26th. Morgan Stanley raised shares of United States Steel from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $51.00 to $48.00 in a research report on Monday, May 6th. StockNews.com began coverage on shares of United States Steel in a research report on Thursday. They set a “hold” rating on the stock. Wolfe Research raised shares of United States Steel from a “peer perform” rating to an “outperform” rating and set a $46.00 price target on the stock in a research report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. cut their price target on shares of United States Steel from $43.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 16th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $40.00.

United States Steel Company 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.