ExodusPoint Capital Management LP Sells 80,737 Shares of United States Steel Co. (NYSE:X)

ExodusPoint Capital Management LP reduced its holdings in shares of United States Steel Co. (NYSE:X) by 48.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 85,070 shares of the basic materials company’s stock after selling 80,737 shares during the period. ExodusPoint Capital Management LP’s holdings in United States Steel were worth $2,892,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of X. Vanguard Group Inc. boosted its holdings in United States Steel by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 20,558,732 shares of the basic materials company’s stock valued at $698,791,000 after acquiring an additional 186,994 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of United States Steel by 3.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,773,225 shares of the basic materials company’s stock valued at $162,242,000 after purchasing an additional 174,394 shares during the period. Geode Capital Management LLC grew its holdings in shares of United States Steel by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 3,862,064 shares of the basic materials company’s stock worth $131,313,000 after purchasing an additional 22,380 shares during the last quarter. Norges Bank purchased a new position in shares of United States Steel in the fourth quarter worth $130,731,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in United States Steel by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,635,715 shares of the basic materials company’s stock valued at $89,588,000 after buying an additional 35,007 shares during the last quarter. 81.92% of the stock is currently owned by institutional investors.

United States Steel Stock Up 16.5 %

X stock opened at $44.60 on Tuesday. United States Steel Co. has a twelve month low of $26.92 and a twelve month high of $46.20. The firm has a market cap of $10.10 billion, a PE ratio of 29.93, a price-to-earnings-growth ratio of 1.53 and a beta of 1.79. The business has a 50 day moving average of $39.08 and a 200 day moving average of $37.43. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36.

United States Steel (NYSE:X) last issued its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share (EPS) 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%. On average, research analysts forecast that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, February 10th were issued a $0.05 dividend. The ex-dividend date was Monday, February 10th. This represents a $0.20 annualized dividend and a yield of 0.45%. United States Steel’s payout ratio is 13.42%.

Analyst Ratings Changes

A number of research firms have issued reports on X. JPMorgan Chase & Co. boosted their price objective on shares of United States Steel from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. BMO Capital Markets reaffirmed a “market perform” rating and set a $45.00 price target on shares of United States Steel in a research report on Monday, March 31st. Jefferies Financial Group reduced their target price on 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. Morgan Stanley raised their price target on United States Steel from $39.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Friday, March 7th. Finally, Bank of America began coverage on shares of United States Steel in a research report on Monday, January 6th. They set a “neutral” rating and a $35.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, United States Steel presently has an average rating of “Moderate Buy” and a consensus price target of $41.32.

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.