Wexford Capital LP Has $15.09 Million Stock Position in United States Steel Co. (NYSE:X)

Wexford Capital LP grew its position in shares of United States Steel Co. (NYSE:X) by 193.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 443,951 shares of the basic materials company’s stock after acquiring an additional 292,811 shares during the quarter. United States Steel comprises 2.4% of Wexford Capital LP’s holdings, making the stock its 3rd largest holding. Wexford Capital LP owned 0.20% of United States Steel worth $15,090,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of X. Bessemer Group Inc. increased its holdings in shares of United States Steel by 64.0% during the fourth quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 277 shares in the last quarter. Ameliora Wealth Management Ltd. bought a new stake in United States Steel during the fourth quarter worth $27,000. Parkworth Wealth Management Inc. bought a new stake in United States Steel during the fourth quarter worth $31,000. Lee Danner & Bass Inc. bought a new stake in United States Steel during the fourth quarter worth $32,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in United States Steel during the fourth quarter worth $34,000. Institutional investors own 81.92% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. BMO Capital Markets restated a “market perform” rating and issued a $45.00 price objective on shares of United States Steel in a research note on Monday, March 31st. JPMorgan Chase & Co. restated a “neutral” rating and issued a $38.00 price objective (down previously from $43.00) on shares of United States Steel in a research note on Wednesday, April 16th. Finally, Morgan Stanley upped their price objective on United States Steel from $35.00 to $38.00 and gave the company an “equal weight” rating in a research note on Monday, May 5th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, United States Steel currently has an average rating of “Hold” and an average target price of $39.22.

United States Steel Stock Down 2.1%

Shares of NYSE X opened at $40.34 on Monday. United States Steel Co. has a one year low of $26.92 and a one year high of $46.18. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91. The business’s fifty day moving average price is $41.79 and its 200-day moving average price is $38.49. The stock has a market capitalization of $9.13 billion, a PE ratio of 27.07, a P/E/G ratio of 1.53 and a beta of 1.82.

United States Steel (NYSE:X) last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.04). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.54 billion. During the same period in the prior year, the company earned $0.82 EPS. The firm’s quarterly revenue was down 10.4% on a year-over-year basis. On average, equities research analysts anticipate that United States Steel Co. will post 1.43 EPS for the current year.

United States Steel Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Monday, May 12th will be paid a $0.05 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.50%. United States Steel’s dividend payout ratio is currently 68.97%.

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.