Natixis Advisors LLC Increases Stake in United States Steel Co. (NYSE:X)

Natixis Advisors LLC boosted its stake in shares of United States Steel Co. (NYSE:X) by 4.9% during the 3rd quarter, Holdings Channel reports. The firm owned 31,284 shares of the basic materials company’s stock after acquiring 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 filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Rothschild Investment LLC acquired a new position in shares of United States Steel in the second quarter valued at about $26,000. Palouse Capital Management Inc. acquired a new position in United States Steel in the 3rd quarter worth approximately $35,000. Blue Trust Inc. raised its position in United States Steel by 339.0% during the 2nd quarter. Blue Trust Inc. now owns 1,001 shares of the basic materials company’s stock worth $41,000 after buying an additional 773 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in United States Steel during the 2nd quarter valued at approximately $46,000. Finally, Rakuten Securities Inc. lifted its stake in United States Steel by 9.2% during the 3rd quarter. Rakuten Securities Inc. now owns 3,328 shares of the basic materials company’s stock valued at $118,000 after acquiring an additional 279 shares during the period. Institutional investors and hedge funds own 81.92% of the company’s stock.

United States Steel Stock Up 2.7 %

Shares of X opened at $39.63 on Wednesday. The firm has a market cap 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. The stock’s 50 day moving average is $37.95 and its two-hundred day moving average is $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.

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

United States Steel Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on X. Morgan Stanley increased their price target on United States Steel from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. BMO Capital Markets dropped their target price on United States Steel from $45.00 to $43.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. StockNews.com began coverage on United States Steel in a report on Monday, August 19th. They issued a “hold” rating for the company. JPMorgan Chase & Co. raised shares of United States Steel from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $40.00 to $42.00 in a research note on Monday, September 9th. Finally, Glj Research upgraded shares of United States Steel from a “sell” rating to a “buy” rating and set a $38.57 target price for the company in a research note on Monday, September 9th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $42.80.

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.