Allworth Financial LP Buys 801 Shares of United States Steel Co. (NYSE:X)

Allworth Financial LP lifted its position in shares of United States Steel Co. (NYSE:X) by 149.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,337 shares of the basic materials company’s stock after purchasing an additional 801 shares during the quarter. Allworth Financial LP’s holdings in United States Steel were worth $49,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of X. Ameliora Wealth Management Ltd. acquired a new position in United States Steel during the fourth quarter worth $27,000. ORG Wealth Partners LLC bought a new position in shares of United States Steel in the fourth quarter valued at approximately $30,000. Newbridge Financial Services Group Inc. acquired a new position in shares of United States Steel in the 4th quarter worth approximately $34,000. Gladius Capital Management LP bought a new stake in United States Steel during the 3rd quarter worth approximately $39,000. Finally, Byrne Asset Management LLC increased its holdings in United States Steel by 4,680.0% during the 4th quarter. Byrne Asset Management LLC now owns 1,195 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 1,170 shares in the last quarter. Institutional investors and hedge funds own 81.92% of the company’s stock.

United States Steel Trading Up 1.1 %

X opened at $38.12 on Wednesday. The firm’s fifty day simple moving average is $35.38 and its 200 day simple moving average is $36.82. The stock has a market capitalization of $8.59 billion, a P/E ratio of 25.59, a P/E/G ratio of 1.53 and a beta of 1.86. 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 Co. has a 12 month low of $26.92 and a 12 month high of $48.13.

United States Steel (NYSE:X) last posted its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share 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, research analysts anticipate that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Dividend Announcement

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

Analyst Upgrades and Downgrades

X has been the subject of a number of research reports. Morgan Stanley restated an “equal weight” rating and issued a $39.00 target price on shares of United States Steel in a research note on Monday, February 3rd. BMO Capital Markets lowered their price target 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. Jefferies Financial Group cut their price target on United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. lowered 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 note on Friday, January 17th. Finally, 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 price objective for the company. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, United States Steel presently has an average rating of “Moderate Buy” and an average price target 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.