Jade Capital Advisors LLC Purchases 5,000 Shares of United States Steel Co. (NYSE:X)

Jade Capital Advisors LLC grew its position in United States Steel Co. (NYSE:X) by 50.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,000 shares of the basic materials company’s stock after purchasing an additional 5,000 shares during the period. Jade Capital Advisors LLC’s holdings in United States Steel were worth $530,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Water Island Capital LLC grew its stake in shares of United States Steel by 5.3% during the 2nd quarter. Water Island Capital LLC now owns 906,092 shares of the basic materials company’s stock worth $34,250,000 after acquiring an additional 45,567 shares in the last quarter. KGH Ltd increased its stake in United States Steel by 68.2% in the 2nd quarter. KGH Ltd now owns 4,255,000 shares of the basic materials company’s stock valued at $160,839,000 after buying an additional 1,724,670 shares during the last quarter. Janus Henderson Group PLC lifted its position in United States Steel by 94.3% during the 1st quarter. Janus Henderson Group PLC now owns 211,043 shares of the basic materials company’s stock worth $8,601,000 after buying an additional 102,450 shares in the last quarter. Cannon Global Investment Management LLC acquired a new position in shares of United States Steel during the 1st quarter worth about $2,055,000. Finally, Gamco Investors INC. ET AL grew its holdings in shares of United States Steel by 146.4% in the 1st quarter. Gamco Investors INC. ET AL now owns 26,000 shares of the basic materials company’s stock valued at $1,060,000 after acquiring an additional 15,450 shares in the last quarter. 81.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

X has been the subject of several recent research reports. Morgan Stanley increased their price target on United States Steel from $48.00 to $49.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. BMO Capital Markets raised shares of United States Steel from a “market perform” rating to an “outperform” rating and raised their target price for the company from $43.00 to $45.00 in a research note on Wednesday, June 26th. BNP Paribas raised shares of United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 price target on the stock in a research report on Friday, September 6th. StockNews.com started coverage on shares of United States Steel in a research note on Monday, August 19th. They issued a “hold” rating for the company. Finally, 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 research note on Monday, September 9th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $40.62.

United States Steel Price Performance

Shares of NYSE X opened at $38.91 on Tuesday. The business’s 50 day moving average is $36.67 and its 200-day moving average is $37.81. The firm has a market cap of $8.75 billion, a P/E ratio of 17.37 and a beta of 1.87. United States Steel Co. has a 1-year low of $26.92 and a 1-year high of $50.20. The company has a current ratio of 1.72, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36.

United States Steel (NYSE:X) last announced its earnings results on Thursday, August 1st. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. United States Steel had a net margin of 3.40% and a return on equity of 7.93%. The company had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter in the previous year, the business posted $1.92 earnings per share. United States Steel’s quarterly revenue was down 17.8% on a year-over-year basis. Equities research analysts predict that United States Steel Co. will post 2.17 earnings per share for the current year.

United States Steel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 12th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, August 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.51%. United States Steel’s dividend payout ratio is presently 8.93%.

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.