Verus Capital Partners LLC boosted its holdings in shares of United States Steel Co. (NYSE:X - Free Report) by 149.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,290 shares of the basic materials company's stock after acquiring an additional 43,350 shares during the period. Verus Capital Partners LLC's holdings in United States Steel were worth $2,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also added to or reduced their stakes in X. Ameliora Wealth Management Ltd. purchased a new stake in shares of United States Steel during the fourth quarter valued at $27,000. ORG Wealth Partners LLC purchased a new stake in United States Steel during the 4th quarter valued at about $30,000. Newbridge Financial Services Group Inc. purchased a new stake in United States Steel during the 4th quarter valued at about $34,000. Gladius Capital Management LP acquired a new position in shares of United States Steel in the third quarter valued at about $39,000. Finally, Byrne Asset Management LLC raised its stake in shares of 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 purchasing an additional 1,170 shares during the last quarter. Hedge funds and other institutional investors own 81.92% of the company's stock.
United States Steel Stock Performance
NYSE:X traded down $0.99 during mid-day trading on Tuesday, reaching $37.85. 3,093,094 shares of the stock were exchanged, compared to its average volume of 7,233,187. 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 1 year low of $26.92 and a 1 year high of $48.13. The company has a 50 day simple moving average of $36.14 and a 200-day simple moving average of $36.72. The stock has a market capitalization of $8.52 billion, a P/E ratio of 25.36, a P/E/G ratio of 1.53 and a beta of 1.86.
United States Steel (NYSE:X - Get Free Report) last released 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 return on equity of 4.27% and a net margin of 2.46%. Analysts anticipate that United States Steel Co. will post 1.43 earnings per share for the current fiscal year.
United States Steel Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Monday, February 10th. United States Steel's payout ratio is 13.42%.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price objective on 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. Morgan Stanley reiterated an "equal weight" rating and set a $39.00 price target on shares of United States Steel in a research report on Monday, February 3rd. Bank of America began coverage on United States Steel in a research report on Monday, January 6th. They issued a "neutral" rating and a $35.00 price objective on the stock. BMO Capital Markets dropped their price objective on shares of United States Steel from $43.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, December 20th. Finally, Jefferies Financial Group decreased 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 note on Monday, January 6th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, United States Steel currently has a consensus rating of "Moderate Buy" and an average target price of $39.82.
Get Our Latest Stock Analysis on United States Steel
About United States Steel
(
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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