Oregon Public Employees Retirement Fund Acquires 641 Shares of United States Steel Co. (NYSE:X)

Oregon Public Employees Retirement Fund lifted its holdings in United States Steel Co. (NYSE:X) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,858 shares of the basic materials company’s stock after purchasing an additional 641 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in United States Steel were worth $1,559,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Castle Hook Partners LP acquired a new position in United States Steel during the third quarter worth $91,712,000. Holocene Advisors LP acquired a new position in United States Steel during the third quarter worth $51,620,000. Massachusetts Financial Services Co. MA increased its holdings in United States Steel by 26.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,598,831 shares of the basic materials company’s stock worth $162,477,000 after buying an additional 964,467 shares during the last quarter. E. Ohman J or Asset Management AB acquired a new position in United States Steel during the fourth quarter worth $17,907,000. Finally, ARS Investment Partners LLC acquired a new position in United States Steel during the fourth quarter worth $15,510,000. Institutional investors own 81.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on X. Bank of America assumed coverage on shares of United States Steel in a report on Monday, January 6th. They set a “neutral” rating and a $35.00 target price on the stock. BMO Capital Markets decreased their price objective on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. Jefferies Financial Group decreased 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 report on Monday, January 6th. Morgan Stanley reiterated an “equal weight” rating and issued a $39.00 price objective on shares of United States Steel in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. decreased their price objective 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. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.82.

United States Steel Trading Up 3.1 %

X opened at $40.17 on Friday. United States Steel Co. has a twelve month low of $26.92 and a twelve month high of $48.13. The company has a 50-day simple moving average of $35.99 and a 200 day simple moving average of $36.81. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $9.05 billion, a price-to-earnings ratio of 26.96, a P/E/G ratio of 1.53 and a beta of 1.86.

United States Steel (NYSE:X) last posted its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.38). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. Analysts predict that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th will be issued a $0.05 dividend. The ex-dividend date is Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.50%. United States Steel’s dividend payout ratio (DPR) is currently 13.42%.

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.