United States Steel Co. (NYSE:X) Stock Holdings Lifted by Palliser Capital UK Ltd

Palliser Capital UK Ltd boosted its position in shares of United States Steel Co. (NYSE:X) by 112.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 332,100 shares of the basic materials company’s stock after buying an additional 175,500 shares during the quarter. United States Steel makes up about 7.9% of Palliser Capital UK Ltd’s holdings, making the stock its 5th biggest holding. Palliser Capital UK Ltd owned about 0.15% of United States Steel worth $11,733,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Rothschild Investment LLC bought a new stake in shares of United States Steel in the 2nd quarter worth approximately $26,000. Palouse Capital Management Inc. purchased a new position in United States Steel during the 3rd quarter valued at $35,000. Blue Trust Inc. raised its holdings in United States Steel by 339.0% in the 2nd quarter. Blue Trust Inc. now owns 1,001 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 773 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of United States Steel in the 2nd quarter worth about $46,000. Finally, Headlands Technologies LLC bought a new stake in shares of United States Steel during the 1st quarter valued at about $58,000. Hedge funds and other institutional investors own 81.92% of the company’s stock.

Analysts Set New Price Targets

X has been the topic of several research reports. Morgan Stanley lifted their price target on United States Steel from $48.00 to $49.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Glj Research upgraded shares of United States Steel from a “sell” rating to a “buy” rating and set a $38.57 target price on the stock in a report on Monday, September 9th. BNP Paribas upgraded shares of United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 price target for the company in a research note on Friday, September 6th. BMO Capital Markets dropped 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 note on Friday. Finally, JPMorgan Chase & Co. upgraded shares of United States Steel from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $40.00 to $42.00 in a report on Monday, September 9th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.80.

United States Steel Price Performance

Shares of X opened at $38.62 on Friday. The firm has a market cap of $8.69 billion, a PE ratio of 25.41 and a beta of 1.86. United States Steel Co. has a 1-year low of $26.92 and a 1-year high of $50.20. The company has a current ratio of 1.72, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $36.52 and a two-hundred day simple moving average of $37.71.

United States Steel (NYSE:X) last released its quarterly earnings results on Thursday, August 1st. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. United States Steel had a return on equity of 6.06% and a net margin of 2.41%. The business had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the previous year, the company posted $1.92 EPS. The business’s quarterly revenue was down 17.8% compared to the same quarter last year. On average, equities analysts anticipate that United States Steel Co. will post 2.17 EPS for the current year.

United States Steel Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Monday, November 11th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. United States Steel’s dividend payout ratio (DPR) is presently 13.16%.

About United States Steel

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.