United States Steel Co. (NYSE:X) Shares Acquired by Atlas Capital Advisors LLC

Atlas Capital Advisors LLC grew its position in United States Steel Co. (NYSE:X) by 178.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,516 shares of the basic materials company’s stock after acquiring an additional 5,461 shares during the quarter. Atlas Capital Advisors LLC’s holdings in United States Steel were worth $347,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Pacific Capital Wealth Advisors Inc. purchased a new position in United States Steel in the 4th quarter worth approximately $25,000. GAMMA Investing LLC acquired a new stake in shares of United States Steel in the fourth quarter valued at approximately $33,000. Riverview Trust Co purchased a new position in United States Steel during the first quarter worth approximately $29,000. Pineridge Advisors LLC acquired a new position in United States Steel during the fourth quarter worth $44,000. Finally, Scarborough Advisors LLC purchased a new stake in United States Steel in the 4th quarter valued at $49,000. 81.92% of the stock is owned by institutional investors and hedge funds.

United States Steel Stock Down 1.0 %

Shares of United States Steel stock opened at $36.80 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.71 and a debt-to-equity ratio of 0.36. United States Steel Co. has a 52-week low of $22.26 and a 52-week high of $50.20. The company has a market capitalization of $8.27 billion, a P/E ratio of 10.79 and a beta of 1.99. The company has a 50 day moving average of $37.28 and a 200 day moving average of $42.27.

United States Steel (NYSE:X) last issued its earnings results on Thursday, May 2nd. The basic materials company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. United States Steel had a net margin of 4.89% and a return on equity of 10.61%. The firm had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.22 billion. As a group, research analysts forecast that United States Steel Co. will post 2.69 EPS for the current fiscal year.

United States Steel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Monday, May 13th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Friday, May 10th. United States Steel’s dividend payout ratio (DPR) is presently 5.87%.

Analysts Set New Price Targets

X has been the subject of a number of recent analyst reports. StockNews.com began coverage on shares of United States Steel in a report on Monday. They set a “hold” rating for the company. Jefferies Financial Group started coverage on United States Steel in a research report on Monday, May 20th. They set a “buy” rating and a $45.00 price target for the company. BMO Capital Markets upgraded United States Steel from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $43.00 to $45.00 in a report on Wednesday. Morgan Stanley upgraded United States Steel from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $51.00 to $48.00 in a report on Monday, May 6th. Finally, Wolfe Research upgraded shares of United States Steel from a “peer perform” rating to an “outperform” rating and set a $46.00 price target on the stock in a research note on Tuesday, April 9th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $38.78.

About United States Steel

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.