LPL Financial LLC lowered its holdings in shares of United States Steel Co. (NYSE:X - Free Report) by 27.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,957 shares of the basic materials company's stock after selling 65,505 shares during the quarter. LPL Financial LLC owned approximately 0.08% of United States Steel worth $5,879,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the business. Ameliora Wealth Management Ltd. bought a new position in shares of United States Steel during the 4th quarter valued at about $27,000. ORG Wealth Partners LLC purchased a new stake in shares of United States Steel in the fourth quarter worth about $30,000. Parkworth Wealth Management Inc. purchased a new stake in shares of United States Steel in the fourth quarter worth about $31,000. Lee Danner & Bass Inc. bought a new position in United States Steel during the fourth quarter valued at approximately $32,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in United States Steel during the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 81.92% of the company's stock.
United States Steel Trading Down 1.9 %
Shares of X stock traded down $0.78 during trading hours on Friday, reaching $40.10. 11,745,953 shares of the stock were exchanged, compared to its average volume of 5,420,882. The firm has a market capitalization of $9.08 billion, a price-to-earnings ratio of 26.91, a price-to-earnings-growth ratio of 1.53 and a beta of 1.79. United States Steel Co. has a 12-month low of $26.92 and a 12-month high of $46.18. The company's 50-day moving average price is $39.85 and its 200-day moving average price is $37.64. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36.
United States Steel (NYSE:X - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.38). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. As a group, equities analysts anticipate that United States Steel Co. will post 1.43 earnings per share for the current year.
United States Steel Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Monday, February 10th. United States Steel's dividend payout ratio (DPR) is presently 13.42%.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the company. BMO Capital Markets reiterated a "market perform" rating and set a $45.00 target price on shares of United States Steel in a research report on Monday, March 31st. Morgan Stanley upped their price target on shares of United States Steel from $39.00 to $43.00 and gave the company an "equal weight" rating in a research note on Friday, March 7th. JPMorgan Chase & Co. lifted their price objective 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 reduced 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 report on Monday, January 6th. Finally, Bank of America began coverage on shares of United States Steel in a report on Monday, January 6th. They issued a "neutral" rating and a $35.00 price target for the company. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $40.65.
Check Out Our Latest Analysis on X
United States Steel Company 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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