United States Steel Co. (NYSE:X) Shares Acquired by Gator Capital Management LLC

Gator Capital Management LLC boosted its position in shares of United States Steel Co. (NYSE:X) by 54.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,750 shares of the basic materials company’s stock after acquiring an additional 4,500 shares during the period. Gator Capital Management LLC’s holdings in United States Steel were worth $433,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Ameliora Wealth Management Ltd. purchased a new position in United States Steel in the fourth quarter worth $27,000. ORG Wealth Partners LLC purchased a new stake in United States Steel in the 4th quarter worth approximately $30,000. Parkworth Wealth Management Inc. acquired a new position in United States Steel in the fourth quarter valued at $31,000. Lee Danner & Bass Inc. acquired a new position in shares of United States Steel during the 4th quarter valued at about $32,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in United States Steel during the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 81.92% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on X. Morgan Stanley boosted their price objective on shares of United States Steel from $39.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. increased their price objective on shares of United States Steel from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Bank of America started coverage on United States Steel in a research report on Monday, January 6th. They issued a “neutral” rating and a $35.00 target price for the company. Jefferies Financial Group lowered their price objective on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $45.00 price objective on shares of United States Steel in a research report on Monday, March 31st. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $41.32.

United States Steel Stock Down 1.7 %

NYSE X opened at $38.30 on Friday. 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’s 50 day moving average is $38.93 and its two-hundred day moving average is $37.38. United States Steel Co. has a 1-year low of $26.92 and a 1-year high of $44.87. The company has a market capitalization of $8.67 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 1.53 and a beta of 1.79.

United States Steel (NYSE:X) last announced its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. Equities analysts forecast that United States Steel Co. will post 1.43 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Monday, February 10th. United States Steel’s payout ratio is 13.42%.

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.