South Dakota Investment Council Sells 9,600 Shares of United States Steel Co. (NYSE:X)

South Dakota Investment Council cut its holdings in shares of United States Steel Co. (NYSE:X) by 11.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,997 shares of the basic materials company’s stock after selling 9,600 shares during the quarter. South Dakota Investment Council’s holdings in United States Steel were worth $2,481,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in X. Rakuten Securities Inc. increased its stake in United States Steel by 9.2% in the third 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 last quarter. D.A. Davidson & CO. increased its stake in United States Steel by 0.7% in the third quarter. D.A. Davidson & CO. now owns 44,450 shares of the basic materials company’s stock valued at $1,570,000 after acquiring an additional 301 shares during the last quarter. Arkadios Wealth Advisors increased its stake in United States Steel by 1.7% in the third quarter. Arkadios Wealth Advisors now owns 18,635 shares of the basic materials company’s stock valued at $658,000 after acquiring an additional 306 shares during the last quarter. Captrust Financial Advisors increased its stake in United States Steel by 4.8% in the third quarter. Captrust Financial Advisors now owns 7,012 shares of the basic materials company’s stock valued at $248,000 after acquiring an additional 321 shares during the last quarter. Finally, Creative Planning increased its stake in United States Steel by 2.0% in the third quarter. Creative Planning now owns 18,340 shares of the basic materials company’s stock valued at $648,000 after acquiring an additional 360 shares during the last quarter. 81.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on X shares. Morgan Stanley reissued an “equal weight” rating and issued a $39.00 price objective on shares of United States Steel in a research note on Monday, February 3rd. Bank of America began coverage on shares of United States Steel in a research note on Monday, January 6th. They issued a “neutral” rating and a $35.00 price objective on the stock. Jefferies Financial Group decreased their target price on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. decreased their target price on shares of United States Steel from $44.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, BMO Capital Markets decreased their target price on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, December 20th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $39.82.

United States Steel Price Performance

Shares of NYSE:X opened at $36.93 on Monday. The firm has a market cap of $8.32 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 1.53 and a beta of 1.86. The firm’s fifty day moving average is $35.28 and its 200-day moving average is $36.88. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. United States Steel Co. has a 52 week low of $26.92 and a 52 week high of $48.13.

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

United States Steel Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. United States Steel’s dividend payout ratio (DPR) is presently 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.