Mather Group LLC. Purchases 11,019 Shares of United States Steel Co. (NYSE:X)

Mather Group LLC. grew its position in United States Steel Co. (NYSE:X) by 3,673.0% during the second quarter, HoldingsChannel.com reports. The firm owned 11,319 shares of the basic materials company’s stock after buying an additional 11,019 shares during the quarter. Mather Group LLC.’s holdings in United States Steel were worth $462,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of X. Gabelli Funds LLC raised its holdings in United States Steel by 436.4% during the fourth quarter. Gabelli Funds LLC now owns 214,300 shares of the basic materials company’s stock worth $10,426,000 after acquiring an additional 174,350 shares in the last quarter. International Assets Investment Management LLC raised its holdings in United States Steel by 4,057.9% during the fourth quarter. International Assets Investment Management LLC now owns 747,553 shares of the basic materials company’s stock worth $36,368,000 after acquiring an additional 729,574 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in United States Steel during the fourth quarter worth about $3,045,000. Third Point LLC raised its holdings in United States Steel by 15.8% during the fourth quarter. Third Point LLC now owns 5,500,000 shares of the basic materials company’s stock worth $267,575,000 after acquiring an additional 750,000 shares in the last quarter. Finally, Weiss Asset Management LP bought a new stake in United States Steel during the fourth quarter worth about $6,408,000. 81.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price target on 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. Morgan Stanley raised United States Steel from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $51.00 to $48.00 in a research report on Monday, May 6th. Jefferies Financial Group initiated coverage on United States Steel in a research report on Monday, May 20th. They issued a “buy” rating and a $45.00 target price on the stock. BMO Capital Markets raised United States Steel from a “market perform” rating to an “outperform” rating and upped their target price for the company from $43.00 to $45.00 in a research report on Wednesday, June 26th. Finally, StockNews.com assumed coverage on United States Steel in a research report on Saturday. They issued a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, United States Steel has a consensus rating of “Hold” and an average price target of $40.00.

United States Steel Price Performance

NYSE:X traded up $1.04 during trading hours on Tuesday, reaching $39.85. 2,309,865 shares of the company were exchanged, compared to its average volume of 3,751,912. The business has a 50 day moving average of $38.30 and a 200 day moving average of $40.84. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.71 and a quick ratio of 1.14. United States Steel Co. has a 1-year low of $22.26 and a 1-year high of $50.20. The company has a market capitalization of $8.96 billion, a P/E ratio of 11.62 and a beta of 1.93.

United States Steel (NYSE:X) last released its earnings results on Thursday, August 1st. The basic materials company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.12. United States Steel had a return on equity of 7.98% and a net margin of 3.40%. The firm had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the prior year, the company earned $1.92 earnings per share. The company’s quarterly revenue was down 17.8% on a year-over-year basis. Research analysts forecast that United States Steel Co. will post 2.38 EPS for the current year.

United States Steel Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Monday, August 12th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.50%. The ex-dividend date is Monday, August 12th. United States Steel’s payout ratio is presently 5.87%.

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.