Vestcor Inc Grows Stock Holdings in United States Steel Co. (NYSE:X)

Vestcor Inc increased its stake in United States Steel Co. (NYSE:X) by 2,004.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 50,000 shares of the basic materials company’s stock after buying an additional 47,624 shares during the period. Vestcor Inc’s holdings in United States Steel were worth $1,767,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC increased its stake in United States Steel by 54.5% during the 2nd quarter. CWM LLC now owns 3,856 shares of the basic materials company’s stock valued at $146,000 after purchasing an additional 1,360 shares in the last quarter. SG Americas Securities LLC increased its position in shares of United States Steel by 18.2% during the second quarter. SG Americas Securities LLC now owns 82,018 shares of the basic materials company’s stock valued at $3,100,000 after acquiring an additional 12,648 shares in the last quarter. Diversified Trust Co raised its holdings in United States Steel by 4.1% in the 2nd quarter. Diversified Trust Co now owns 8,715 shares of the basic materials company’s stock worth $329,000 after acquiring an additional 342 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in United States Steel by 9.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,351 shares of the basic materials company’s stock valued at $353,000 after acquiring an additional 826 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in United States Steel by 339.0% during the 2nd quarter. Blue Trust Inc. now owns 1,001 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 773 shares during the last quarter. Institutional investors own 81.92% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on X shares. StockNews.com started coverage on United States Steel in a report on Monday, August 19th. They set a “hold” rating on the stock. JPMorgan Chase & Co. raised shares of United States Steel from a “neutral” rating to an “overweight” rating and raised their price target for the company from $40.00 to $42.00 in a report on Monday, September 9th. Jefferies Financial Group reduced their price target on shares of United States Steel from $47.00 to $41.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. BMO Capital Markets lowered their price objective on shares of United States Steel from $45.00 to $43.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, BNP Paribas raised shares of United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 target price for the company in a research report on Friday, September 6th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, United States Steel presently has a consensus rating of “Moderate Buy” and an average price target of $42.80.

United States Steel Stock Down 1.0 %

Shares of X stock opened at $34.93 on Thursday. The company has a current ratio of 1.67, a quick ratio of 1.08 and a debt-to-equity ratio of 0.35. United States Steel Co. has a 12 month low of $26.92 and a 12 month high of $50.20. The stock has a market cap of $7.86 billion, a P/E ratio of 22.98 and a beta of 1.83. The company has a 50 day simple moving average of $38.36 and a two-hundred day simple moving average of $37.99.

United States Steel (NYSE:X) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.41 by $0.15. The firm had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.77 billion. United States Steel had a return on equity of 6.01% and a net margin of 2.41%. United States Steel’s revenue was down 13.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.36 EPS. On average, research analysts expect that United States Steel Co. will post 2.19 earnings per share for the current year.

United States Steel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Monday, November 11th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.57%. United States Steel’s payout ratio is currently 13.16%.

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.