Proficio Capital Partners LLC purchased a new stake in shares of United States Steel Co. (NYSE:X - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 61,998 shares of the basic materials company's stock, valued at approximately $2,107,000.
Other institutional investors have also recently made changes to their positions in the company. Ameliora Wealth Management Ltd. purchased a new stake in United States Steel in the fourth quarter valued at approximately $27,000. ORG Wealth Partners LLC bought a new position in shares of United States Steel in the 4th quarter worth $30,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of United States Steel during the 4th quarter valued at $34,000. Gladius Capital Management LP bought a new stake in shares of United States Steel during the 3rd quarter worth $39,000. Finally, Byrne Asset Management LLC grew its position 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 worth $41,000 after acquiring an additional 1,170 shares in the last quarter. Institutional investors own 81.92% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on X shares. BMO Capital Markets lowered their price target on United States Steel from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, December 20th. Morgan Stanley reissued an "equal weight" rating and set a $39.00 price objective on shares of United States Steel in a report on Monday, February 3rd. Jefferies Financial Group cut their target price on United States Steel from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Bank of America initiated coverage on shares of United States Steel in a research note on Monday, January 6th. They set a "neutral" rating and a $35.00 price target on the stock. Finally, JPMorgan Chase & Co. cut their price objective on shares of United States Steel from $44.00 to $40.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, United States Steel currently has an average rating of "Moderate Buy" and a consensus price target of $39.82.
View Our Latest Report on United States Steel
United States Steel Trading Down 0.8 %
NYSE X opened at $37.39 on Thursday. The stock has a market cap of $8.42 billion, a P/E ratio of 25.10, a price-to-earnings-growth ratio of 1.53 and a beta of 1.86. United States Steel Co. has a fifty-two week low of $26.92 and a fifty-two week high of $48.07. The stock has a 50 day simple moving average of $36.37 and a two-hundred day simple moving average of $36.70. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55.
United States Steel (NYSE:X - Get Free Report) last announced its quarterly earnings results 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 return on equity of 4.27% and a net margin of 2.46%. On average, analysts forecast that United States Steel Co. will post 1.43 earnings per share for the current year.
United States Steel Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $0.20 annualized dividend and a yield of 0.53%. United States Steel's dividend payout ratio (DPR) is presently 13.42%.
United States Steel Profile
(
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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