KBC Group NV Increases Stock Position in United States Steel Co. (NYSE:X)

KBC Group NV raised its position in United States Steel Co. (NYSE:X) by 57.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,796 shares of the basic materials company’s stock after acquiring an additional 3,216 shares during the quarter. KBC Group NV’s holdings in United States Steel were worth $299,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of X. ORG Wealth Partners LLC bought a new position in United States Steel in the fourth quarter worth about $30,000. Palouse Capital Management Inc. bought a new position in shares of United States Steel in the 3rd quarter worth approximately $35,000. Gladius Capital Management LP purchased a new position in shares of United States Steel in the 3rd quarter valued at approximately $39,000. GAMMA Investing LLC boosted its position in shares of United States Steel by 50.0% during the fourth quarter. GAMMA Investing LLC now owns 1,326 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 442 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in United States Steel in the third quarter worth $59,000. 81.92% of the stock is owned by institutional investors.

United States Steel Trading Down 1.0 %

Shares of NYSE:X opened at $36.48 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91. United States Steel Co. has a 1 year low of $26.92 and a 1 year high of $48.13. The company has a market cap of $8.21 billion, a P/E ratio of 24.48 and a beta of 1.86. The stock’s fifty day moving average price is $35.24 and its 200-day moving average price is $37.02.

United States Steel (NYSE:X) last announced its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.38). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. Sell-side analysts expect that United States Steel Co. will post 1.75 earnings per share for the current year.

United States Steel Dividend Announcement

The company also recently declared 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. The ex-dividend date is Monday, February 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.55%. United States Steel’s payout ratio is 13.42%.

Analyst Ratings Changes

A number of brokerages have recently commented on X. JPMorgan Chase & Co. dropped their target price 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. Jefferies Financial Group dropped 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 research note on Monday, January 6th. Bank of America assumed coverage on shares of United States Steel in a research note on Monday, January 6th. They set a “neutral” rating and a $35.00 target price for the company. BMO Capital Markets dropped their price target on United States Steel from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, December 20th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $39.00 price objective on shares of United States Steel in a research note on Monday. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.82.

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.