Proficio Capital Partners LLC purchased a new position in United States Steel Co. (NYSE:X - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 61,998 shares of the basic materials company's stock, valued at approximately $2,107,000.
A number of other hedge funds have also recently made changes to their positions in X. Ameliora Wealth Management Ltd. purchased a new stake in United States Steel in the fourth quarter valued at about $27,000. ORG Wealth Partners LLC acquired a new position in shares of United States Steel in the 4th quarter valued at $30,000. Newbridge Financial Services Group Inc. purchased a new stake in United States Steel in the fourth quarter valued at $34,000. Smithfield Trust Co boosted its holdings in United States Steel by 903.0% in the fourth quarter. Smithfield Trust Co now owns 1,003 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 903 shares during the last quarter. Finally, Byrne Asset Management LLC boosted its holdings in United States Steel by 4,680.0% in the fourth quarter. Byrne Asset Management LLC now owns 1,195 shares of the basic materials company's stock valued at $41,000 after purchasing an additional 1,170 shares during the last quarter. 81.92% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
X has been the topic of several recent research reports. BMO Capital Markets upped their price target on shares of United States Steel from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Friday. Bank of America began coverage on shares of United States Steel in a research note on Monday, January 6th. They set a "neutral" rating and a $35.00 target price on the stock. JPMorgan Chase & Co. increased their target price on shares of United States Steel from $40.00 to $43.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Jefferies Financial Group lowered their target price on shares of 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. Finally, Morgan Stanley increased their target price on shares of 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. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $41.32.
Get Our Latest Research Report on United States Steel
United States Steel Price Performance
United States Steel stock traded down $0.16 during midday trading on Friday, reaching $40.90. The company had a trading volume of 4,921,020 shares, compared to its average volume of 4,951,454. The company has a market capitalization of $9.21 billion, a P/E ratio of 27.45, a P/E/G ratio of 1.53 and a beta of 1.86. United States Steel Co. has a 12-month low of $26.92 and a 12-month high of $43.35. The firm's fifty day simple moving average is $37.88 and its 200-day simple moving average is $36.78. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91.
United States Steel (NYSE:X - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. As a group, equities analysts anticipate that United States Steel Co. will post 1.43 EPS for the current year.
United States Steel Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a yield of 0.49%. United States Steel's payout ratio is 13.42%.
United States Steel Company Profile
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Free Report)
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.
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