Heck Capital Advisors LLC Buys Shares of 16,300 United States Steel Co. (NYSE:X)

Heck Capital Advisors LLC acquired a new position in United States Steel Co. (NYSE:X - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 16,300 shares of the basic materials company's stock, valued at approximately $554,000.

A number of other large investors have also recently modified their holdings of X. ORG Wealth Partners LLC bought a new position in shares of United States Steel during the fourth quarter valued at about $30,000. Palouse Capital Management Inc. bought a new position in United States Steel during the 3rd quarter valued at approximately $35,000. Gladius Capital Management LP purchased a new stake in United States Steel in the 3rd quarter worth approximately $39,000. GAMMA Investing LLC grew its position in shares of United States Steel by 50.0% in the 4th quarter. GAMMA Investing LLC now owns 1,326 shares of the basic materials company's stock worth $45,000 after buying an additional 442 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of United States Steel during the third quarter valued at approximately $59,000. Institutional investors own 81.92% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. BMO Capital Markets dropped their target price on shares of United States Steel from $43.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, December 20th. Morgan Stanley reaffirmed an "equal weight" rating and set a $39.00 target price on shares of United States Steel in a research note on Monday. Jefferies Financial Group dropped their price target on United States Steel from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Bank of America began coverage on United States Steel in a research report on Monday, January 6th. They set a "neutral" rating and a $35.00 price objective for the company. Finally, JPMorgan Chase & Co. cut their target price on 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. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $39.82.

United States Steel Price Performance

X stock traded up $0.15 during midday trading on Wednesday, hitting $37.95. The company's stock had a trading volume of 3,611,043 shares, compared to its average volume of 7,489,757. 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 Co. has a 12 month low of $26.92 and a 12 month high of $48.13. The company has a 50 day moving average of $35.16 and a two-hundred day moving average of $37.01. The firm has a market capitalization of $8.55 billion, a price-to-earnings ratio of 25.47 and a beta of 1.86.

United States Steel (NYSE:X - Get Free Report) last posted its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. On average, analysts expect that United States Steel Co. will post 1.75 EPS for the current year.

United States Steel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Monday, February 10th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Monday, February 10th. United States Steel's payout ratio is presently 13.42%.

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.