Wolverine Asset Management LLC Has $99,000 Holdings in United States Steel Co. (NYSE:X)

Wolverine Asset Management LLC lowered its position in United States Steel Co. (NYSE:X) by 63.8% during the third quarter, Holdings Channel reports. The firm owned 2,801 shares of the basic materials company’s stock after selling 4,946 shares during the period. Wolverine Asset Management LLC’s holdings in United States Steel were worth $99,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of X. Rothschild Investment LLC bought a new position in United States Steel during the second quarter worth $26,000. Palouse Capital Management Inc. bought a new position in shares of United States Steel in the 3rd quarter worth about $35,000. Blue Trust Inc. lifted its stake in shares of United States Steel by 339.0% in the 2nd quarter. Blue Trust Inc. now owns 1,001 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 773 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of United States Steel during the 2nd quarter valued at about $46,000. Finally, Headlands Technologies LLC acquired a new stake in United States Steel during the first quarter worth approximately $58,000. 81.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on X shares. Jefferies Financial Group cut their price target on United States Steel from $47.00 to $41.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Morgan Stanley increased their target price on shares of 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 upgraded shares of United States Steel from a “sell” rating to a “buy” rating and set a $38.57 price objective on the stock in a report on Monday, September 9th. BNP Paribas upgraded United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 target price for the company in a research note on Friday, September 6th. Finally, BMO Capital Markets decreased their target price on United States Steel from $45.00 to $43.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $42.80.

United States Steel Price Performance

Shares of NYSE X opened at $36.38 on Friday. The stock has a market cap of $8.19 billion, a price-to-earnings ratio of 23.93 and a beta of 1.86. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.08 and a current ratio of 1.67. United States Steel Co. has a fifty-two week low of $26.92 and a fifty-two week high of $50.20. The firm’s 50-day simple moving average is $37.09 and its 200 day simple moving average is $37.80.

United States Steel (NYSE:X) last announced its earnings results on Thursday, October 31st. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.15. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.77 billion. United States Steel had a return on equity of 6.01% and a net margin of 2.41%. United States Steel’s quarterly revenue was down 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.36 earnings per share. As a group, research analysts anticipate that United States Steel Co. will post 2.21 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Monday, November 11th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Friday, November 8th. United States Steel’s payout ratio is currently 13.16%.

About United States Steel

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.