Oppenheimer & Co. Inc. Sells 10,133 Shares of United States Steel Co. (NYSE:X)

Oppenheimer & Co. Inc. lowered its position in United States Steel Co. (NYSE:X) by 58.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,071 shares of the basic materials company’s stock after selling 10,133 shares during the period. Oppenheimer & Co. Inc.’s holdings in United States Steel were worth $240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its stake in shares of United States Steel by 26.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,598,831 shares of the basic materials company’s stock valued at $162,477,000 after acquiring an additional 964,467 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of United States Steel by 1.0% during the third quarter. Geode Capital Management LLC now owns 3,839,684 shares of the basic materials company’s stock valued at $135,691,000 after acquiring an additional 37,528 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of United States Steel by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,600,708 shares of the basic materials company’s stock valued at $91,883,000 after acquiring an additional 28,293 shares in the last quarter. Castle Hook Partners LP purchased a new position in United States Steel during the third quarter valued at approximately $91,712,000. Finally, Holocene Advisors LP purchased a new position in United States Steel during the third quarter valued at approximately $51,620,000. Institutional investors own 81.92% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on X. Jefferies Financial Group cut their price objective on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Morgan Stanley lifted their price objective on shares of United States Steel from $39.00 to $43.00 and gave the company an “equal weight” rating in a report on Friday. Bank of America began coverage on shares of United States Steel in a report on Monday, January 6th. They set a “neutral” rating and a $35.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective on shares of United States Steel from $44.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, BMO Capital Markets cut their price objective on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $40.32.

United States Steel Price Performance

NYSE X opened at $36.26 on Friday. The firm’s fifty day simple moving average is $36.59 and its two-hundred day simple moving average is $36.67. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. United States Steel Co. has a 12-month low of $26.92 and a 12-month high of $47.79. The firm has a market capitalization of $8.17 billion, a P/E ratio of 24.33, a P/E/G ratio of 1.53 and a beta of 1.86.

United States Steel (NYSE:X) last announced its quarterly earnings data 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%. Analysts forecast that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Monday, February 10th. United States Steel’s dividend payout ratio (DPR) is presently 13.42%.

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.