United States Steel Co. (NYSE:X) Stock Holdings Decreased by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. reduced its position in United States Steel Co. (NYSE:X) by 7.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,489 shares of the basic materials company’s stock after selling 853 shares during the period. Stratos Wealth Partners LTD.’s holdings in United States Steel were worth $357,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. ORG Wealth Partners LLC purchased a new position in United States Steel during the fourth quarter valued at approximately $30,000. Palouse Capital Management Inc. purchased a new position in United States Steel during the third quarter valued at approximately $35,000. Gladius Capital Management LP purchased a new position in United States Steel during the third quarter valued at approximately $39,000. GAMMA Investing LLC grew its position in United States Steel by 50.0% during the fourth quarter. GAMMA Investing LLC now owns 1,326 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 442 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in United States Steel during the third quarter valued at approximately $59,000. 81.92% of the stock is owned by hedge funds and other institutional investors.

United States Steel Price Performance

NYSE:X opened at $38.58 on Thursday. The stock has a market cap of $8.69 billion, a P/E ratio of 25.89, a PEG ratio of 1.30 and a beta of 1.86. United States Steel Co. has a one year low of $26.92 and a one year high of $48.13. The company has a fifty day moving average price of $35.00 and a 200 day moving average price of $36.96. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91.

United States Steel (NYSE:X) last announced its quarterly earnings results 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 net margin of 2.46% and a return on equity of 4.27%. Analysts anticipate that United States Steel Co. will post 1.75 earnings per share for the current year.

United States Steel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Monday, February 10th. United States Steel’s payout ratio is 13.42%.

Analyst Upgrades and Downgrades

X has been the subject of several recent research reports. Morgan Stanley reissued an “equal weight” rating and issued a $39.00 target price on shares of United States Steel in a research report on Monday, February 3rd. JPMorgan Chase & Co. decreased 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. 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 report on Monday, January 6th. Bank of America initiated coverage on shares of United States Steel in a research report on Monday, January 6th. They issued a “neutral” rating and a $35.00 target price for the company. Finally, BMO Capital Markets decreased their target price on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, December 20th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $39.82.

United States Steel Company Profile

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.