Lee Danner & Bass Inc. Purchases Shares of 946 United States Steel Co. (NYSE:X)

Lee Danner & Bass Inc. purchased a new stake in United States Steel Co. (NYSE:X) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 946 shares of the basic materials company’s stock, valued at approximately $32,000.

A number of other large investors have also recently bought and sold shares of the stock. Empirical Asset Management LLC acquired a new stake in shares of United States Steel in the fourth quarter valued at $525,000. ARS Investment Partners LLC acquired a new stake in shares of United States Steel in the fourth quarter valued at $15,510,000. Rockefeller Capital Management L.P. increased its stake in shares of United States Steel by 646.0% in the third quarter. Rockefeller Capital Management L.P. now owns 506,694 shares of the basic materials company’s stock valued at $17,902,000 after buying an additional 438,771 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of United States Steel by 1.0% in 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 buying an additional 37,528 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of United States Steel by 1.1% in 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 buying an additional 28,293 shares in the last quarter. 81.92% of the stock is currently owned by institutional investors.

United States Steel Price Performance

Shares of X opened at $40.90 on Monday. 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 1 year low of $26.92 and a 1 year high of $43.35. The stock has a market cap of $9.21 billion, a P/E ratio of 27.45, a price-to-earnings-growth ratio of 1.53 and a beta of 1.86. The stock’s 50-day moving average price is $37.88 and its two-hundred day moving average price is $36.83.

United States Steel (NYSE:X) last issued its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share (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%. On average, equities analysts predict that United States Steel Co. will post 1.43 earnings per share for the current year.

United States Steel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Monday, February 10th. United States Steel’s dividend payout ratio (DPR) is currently 13.42%.

Analyst Ratings Changes

A number of analysts have recently weighed in on X shares. JPMorgan Chase & Co. raised their target price on United States Steel from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Jefferies Financial Group lowered their target price on United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Morgan Stanley lifted their price objective on United States Steel from $39.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Friday, March 7th. BMO Capital Markets lifted their price objective on United States Steel from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Bank of America started coverage on United States Steel in a research report on Monday, January 6th. They issued a “neutral” rating and a $35.00 price objective for the company. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, United States Steel presently has an average rating of “Moderate Buy” and an average price target of $41.32.

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.