Natixis Advisors LLC Purchases 1,455 Shares of United States Steel Co. (NYSE:X)

Natixis Advisors LLC raised its position in shares of United States Steel Co. (NYSE:X) by 4.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,284 shares of the basic materials company’s stock after purchasing an additional 1,455 shares during the quarter. Natixis Advisors LLC’s holdings in United States Steel were worth $1,105,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. O Shaughnessy Asset Management LLC lifted its holdings in United States Steel by 41.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,589 shares of the basic materials company’s stock worth $269,000 after purchasing an additional 1,921 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of United States Steel by 94.3% during the first 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. B. Riley Wealth Advisors Inc. boosted its position in shares of United States Steel by 60.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 73,240 shares of the basic materials company’s stock worth $2,987,000 after acquiring an additional 27,494 shares during the last quarter. Redwood Investment Management LLC purchased a new position in United States Steel during the first quarter valued at $677,000. Finally, Virtu Financial LLC bought a new stake in United States Steel in the 1st quarter valued at $1,162,000. 81.92% of the stock is currently owned by institutional investors.

United States Steel Stock Up 2.7 %

Shares of X opened at $39.63 on Wednesday. The firm has a fifty day moving average price of $37.95 and a 200-day moving average price of $37.86. The company has a current ratio of 1.67, a quick ratio of 1.08 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $8.92 billion, a P/E ratio of 26.07 and a beta of 1.86. United States Steel Co. has a 12-month low of $26.92 and a 12-month high of $50.20.

United States Steel (NYSE:X) last issued its earnings results on Thursday, October 31st. The basic materials company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.77 billion. United States Steel had a net margin of 2.41% and a return on equity of 6.01%. The company’s quarterly revenue was down 13.0% compared to the same quarter last year. During the same period last year, the company posted $1.36 earnings per share. Equities research analysts expect that United States Steel Co. will post 2.21 earnings per share for the current year.

United States Steel Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Monday, November 11th will be given a $0.05 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.20 annualized dividend and a dividend yield of 0.50%. United States Steel’s payout ratio is presently 13.16%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Morgan Stanley lifted their price objective on United States Steel from $48.00 to $49.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Glj Research raised shares of United States Steel from a “sell” rating to a “buy” rating and set a $38.57 price target on the stock in a research note on Monday, September 9th. Jefferies Financial Group lowered their price objective 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 upgraded shares of United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 target price on the stock in a report on Friday, September 6th. Finally, JPMorgan Chase & Co. raised shares of United States Steel from a “neutral” rating to an “overweight” rating and increased their price target for the company from $40.00 to $42.00 in a report on Monday, September 9th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.80.

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.