Swiss National Bank Has $15.51 Million Holdings in United States Steel Co. (NYSE:X)

Swiss National Bank reduced its position in United States Steel Co. (NYSE:X) by 0.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 438,900 shares of the basic materials company’s stock after selling 3,200 shares during the quarter. Swiss National Bank’s holdings in United States Steel were worth $15,506,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Rothschild Investment LLC acquired a new position in shares of United States Steel during the 2nd quarter valued at about $26,000. Palouse Capital Management Inc. acquired a new position in shares of United States Steel during the 3rd quarter valued at about $35,000. Blue Trust Inc. increased its holdings in shares of United States Steel by 339.0% during the 2nd quarter. Blue Trust Inc. now owns 1,001 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 773 shares during the last quarter. Gladius Capital Management LP acquired a new position in shares of United States Steel during the 3rd quarter valued at about $39,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of United States Steel during the 2nd quarter valued at about $46,000. 81.92% of the stock is owned by institutional investors and hedge funds.

United States Steel Price Performance

Shares of X stock opened at $39.03 on Friday. The stock has a 50 day moving average of $37.78 and a two-hundred day moving average of $37.85. The company has a current ratio of 1.67, a quick ratio of 1.08 and a debt-to-equity ratio of 0.35. United States Steel Co. has a 12 month low of $26.92 and a 12 month high of $50.20. The company has a market capitalization of $8.79 billion, a P/E ratio of 26.14 and a beta of 1.86.

United States Steel (NYSE:X) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. United States Steel had a return on equity of 6.01% and a net margin of 2.41%. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter last year, the company earned $1.36 EPS. The company’s quarterly revenue was down 13.0% on a year-over-year basis. As a group, equities analysts expect that United States Steel Co. will post 2.21 EPS for the current year.

United States Steel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Monday, November 11th will be given a $0.05 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.51%. United States Steel’s dividend payout ratio is currently 13.16%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on X. JPMorgan Chase & Co. raised United States Steel from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $40.00 to $42.00 in a report on Monday, September 9th. Glj Research raised United States Steel from a “sell” rating to a “buy” rating and set a $38.57 target price on the stock in a report on Monday, September 9th. BMO Capital Markets lowered their target price on United States Steel from $45.00 to $43.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. StockNews.com initiated coverage on United States Steel in a report on Monday, August 19th. They issued a “hold” rating on the stock. Finally, Jefferies Financial Group lowered their target price on United States Steel from $47.00 to $41.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, United States Steel presently has an average rating of “Moderate Buy” and an average target price of $42.80.

United States Steel Company 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.