570,300 Shares in United States Steel Co. (NYSE:X) Bought by Turiya Advisors Asia Ltd

Turiya Advisors Asia Ltd purchased a new stake in United States Steel Co. (NYSE:X) in the fourth quarter, HoldingsChannel reports. The fund purchased 570,300 shares of the basic materials company’s stock, valued at approximately $19,384,000. United States Steel accounts for 26.7% of Turiya Advisors Asia Ltd’s portfolio, making the stock its 2nd largest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of X. Ameliora Wealth Management Ltd. bought a new stake in shares of United States Steel during the fourth quarter valued at approximately $27,000. ORG Wealth Partners LLC acquired a new stake in United States Steel during the fourth quarter worth $30,000. Parkworth Wealth Management Inc. bought a new stake in United States Steel in the 4th quarter valued at $31,000. Lee Danner & Bass Inc. bought a new stake in United States Steel in the 4th quarter valued at $32,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of United States Steel in the 4th quarter valued at $34,000. 81.92% of the stock is currently owned by institutional investors and hedge funds.

United States Steel Trading Up 0.4 %

Shares of X opened at $41.06 on Tuesday. The stock has a fifty day moving average price of $37.97 and a two-hundred day moving average price of $36.91. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. The company has a market cap of $9.25 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 1.53 and a beta of 1.86. United States Steel Co. has a 52-week low of $26.92 and a 52-week high of $43.35.

United States Steel (NYSE:X) last released its quarterly 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 net margin of 2.46% and a return on equity of 4.27%. Analysts predict that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Announces Dividend

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

Wall Street Analyst Weigh In

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

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.