Janney Montgomery Scott LLC increased its holdings in United States Steel Co. (NYSE:X - Free Report) by 153.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,201 shares of the basic materials company's stock after acquiring an additional 9,210 shares during the period. Janney Montgomery Scott LLC's holdings in United States Steel were worth $517,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Planning grew its position in United States Steel by 3.2% in the 2nd quarter. Creative Planning now owns 17,980 shares of the basic materials company's stock worth $680,000 after purchasing an additional 556 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in United States Steel in the 2nd quarter worth about $491,000. Handelsbanken Fonder AB grew its position in United States Steel by 76.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 33,800 shares of the basic materials company's stock worth $1,194,000 after purchasing an additional 14,600 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in United States Steel in the 3rd quarter worth about $824,000. Finally, Lake Hills Wealth Management LLC grew its position in United States Steel by 47.4% in the 3rd quarter. Lake Hills Wealth Management LLC now owns 9,464 shares of the basic materials company's stock worth $334,000 after purchasing an additional 3,045 shares in the last quarter. Institutional investors and hedge funds own 81.92% of the company's stock.
United States Steel Trading Down 1.7 %
Shares of X traded down $0.68 during trading hours on Wednesday, reaching $38.58. 4,384,364 shares of the company traded hands, compared to its average volume of 8,583,406. The company's fifty day moving average price is $35.00 and its two-hundred day moving average price is $36.96. The company has a market capitalization of $8.69 billion, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 1.30 and a beta of 1.86. 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.
United States Steel (NYSE:X - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share (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%. Equities research analysts predict that United States Steel Co. will post 1.75 earnings per share for the current fiscal year.
United States Steel Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.52%. United States Steel's payout ratio is 13.42%.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on X. Jefferies Financial Group reduced their target price on shares of United States Steel from $45.00 to $40.00 and set a "buy" rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. reduced their target price on shares of United States Steel from $44.00 to $40.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Bank of America started coverage on shares of United States Steel in a research report on Monday, January 6th. They set a "neutral" rating and a $35.00 target price for the company. BMO Capital Markets cut their price objective on shares of United States Steel from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, December 20th. Finally, Morgan Stanley reaffirmed an "equal weight" rating and issued a $39.00 price objective on shares of United States Steel in a report on Monday, February 3rd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $39.82.
View Our Latest Analysis on X
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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