Prime Capital Investment Advisors LLC Sells 34,147 Shares of United States Steel Co. (NYSE:X)

Prime Capital Investment Advisors LLC reduced its position in United States Steel Co. (NYSE:X - Free Report) by 16.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 171,844 shares of the basic materials company's stock after selling 34,147 shares during the quarter. Prime Capital Investment Advisors LLC owned approximately 0.08% of United States Steel worth $4,485,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of United States Steel during the fourth quarter valued at $61,925,000. First Trust Advisors LP increased its stake in shares of United States Steel by 155.8% in the first quarter. First Trust Advisors LP now owns 3,309,824 shares of the basic materials company's stock valued at $124,913,000 after buying an additional 2,015,980 shares in the last quarter. Donald Smith & CO. Inc. increased its stake in shares of United States Steel by 34.8% in the fourth quarter. Donald Smith & CO. Inc. now owns 3,561,945 shares of the basic materials company's stock valued at $89,227,000 after buying an additional 920,120 shares in the last quarter. Deutsche Bank AG increased its stake in shares of United States Steel by 169.3% in the fourth quarter. Deutsche Bank AG now owns 1,142,242 shares of the basic materials company's stock valued at $28,613,000 after buying an additional 718,140 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of United States Steel in the first quarter valued at $18,208,000. 72.72% of the stock is owned by institutional investors.

Several research firms have recently issued reports on X. Morgan Stanley restated an "equal weight" rating and set a $25.00 target price on shares of United States Steel in a research report on Tuesday. BNP Paribas cut United States Steel from an "outperform" rating to a "neutral" rating and set a $26.00 price objective on the stock. in a report on Wednesday, July 5th. BMO Capital Markets cut their price objective on United States Steel from $27.00 to $26.00 in a report on Monday. StockNews.com assumed coverage on United States Steel in a report on Thursday, May 18th. They set a "hold" rating on the stock. Finally, Wolfe Research cut United States Steel from a "peer perform" rating to an "underperform" rating and set a $19.00 target price on the stock. in a research note on Thursday, June 1st. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $26.00.

Read Our Latest Stock Report on X

NYSE:X opened at $24.26 on Friday. The stock has a fifty day moving average price of $23.84 and a 200-day moving average price of $25.31. The company has a market cap of $5.41 billion, a price-to-earnings ratio of 4.67 and a beta of 2.15. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.30 and a current ratio of 1.92. United States Steel Co. has a fifty-two week low of $17.89 and a fifty-two week high of $31.55.

United States Steel (NYSE:X - Get Free Report) last announced its quarterly earnings data on Friday, July 28th. The basic materials company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.06. United States Steel had a return on equity of 13.51% and a net margin of 7.05%. The business had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $5.11 billion. During the same period in the prior year, the company earned $3.86 EPS. United States Steel's revenue for the quarter was down 20.4% on a year-over-year basis. As a group, equities analysts anticipate that United States Steel Co. will post 4.12 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Monday, August 7th will be given a $0.05 dividend. The ex-dividend date is Friday, August 4th. This represents a $0.20 annualized dividend and a yield of 0.82%. United States Steel's dividend payout ratio is presently 3.85%.

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through four segments: North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.

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