Mutual of America Capital Management LLC Sells 5,202 Shares of United States Steel Co. (NYSE:X)

Mutual of America Capital Management LLC cut its holdings in United States Steel Co. (NYSE:X) by 3.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,097 shares of the basic materials company’s stock after selling 5,202 shares during the period. Mutual of America Capital Management LLC owned approximately 0.06% of United States Steel worth $4,842,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Gabelli Funds LLC boosted its holdings in United States Steel by 436.4% in the fourth quarter. Gabelli Funds LLC now owns 214,300 shares of the basic materials company’s stock worth $10,426,000 after purchasing an additional 174,350 shares in the last quarter. Third Point LLC lifted its position in United States Steel by 15.8% during the 4th 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 during the last quarter. Weiss Asset Management LP acquired a new position in United States Steel during the 4th quarter worth $6,408,000. Janus Henderson Group PLC lifted its position in United States Steel by 94.3% during the 1st quarter. Janus Henderson Group PLC now owns 211,043 shares of the basic materials company’s stock worth $8,601,000 after acquiring an additional 102,450 shares during the last quarter. Finally, Carmignac Gestion acquired a new position in United States Steel during the 4th quarter worth $1,649,000. 81.92% of the stock is currently owned by institutional investors.

United States Steel Stock Performance

NYSE:X opened at $38.96 on Friday. United States Steel Co. has a 12-month low of $26.92 and a 12-month high of $50.20. The company has a quick ratio of 1.14, a current ratio of 1.72 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $8.76 billion, a PE ratio of 11.43 and a beta of 1.88. The firm has a 50-day moving average price of $38.09 and a 200 day moving average price of $38.63.

United States Steel (NYSE:X) last posted its quarterly earnings results on Thursday, August 1st. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.12. United States Steel had a net margin of 3.40% and a return on equity of 7.93%. The firm had revenue of $4.12 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the prior year, the business posted $1.92 earnings per share. The company’s quarterly revenue was down 17.8% compared to the same quarter last year. Research analysts anticipate that United States Steel Co. will post 2.15 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 12th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Monday, August 12th. United States Steel’s dividend payout ratio (DPR) is presently 5.87%.

Analysts Set New Price Targets

A number of research firms have weighed in on X. StockNews.com began coverage on shares of United States Steel in a research report on Monday, August 19th. They set a “hold” rating for the company. Jefferies Financial Group cut their target price on shares of United States Steel from $47.00 to $41.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. 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. Glj Research raised shares of United States Steel from a “sell” rating to a “buy” rating and set a $38.57 target price for the company in a research report on Monday, September 9th. Finally, Morgan Stanley upped their price objective on shares of United States Steel from $48.00 to $49.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.76.

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.