Focus Partners Wealth Invests $706,000 in United States Steel Co. (NYSE:X)

Focus Partners Wealth acquired a new position in United States Steel Co. (NYSE:X - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 20,773 shares of the basic materials company's stock, valued at approximately $706,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of X. ARS Investment Partners LLC bought a new stake in shares of United States Steel in the 4th quarter valued at about $15,510,000. Stifel Financial Corp lifted its stake in shares of United States Steel by 98.4% in the 4th quarter. Stifel Financial Corp now owns 44,682 shares of the basic materials company's stock valued at $1,519,000 after acquiring an additional 22,161 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in shares of United States Steel in the 4th quarter valued at about $554,000. Raymond James Financial Inc. bought a new stake in shares of United States Steel in the 4th quarter valued at about $2,844,000. Finally, Hartree Partners LP lifted its stake in shares of United States Steel by 140.9% in the 4th quarter. Hartree Partners LP now owns 257,606 shares of the basic materials company's stock valued at $8,756,000 after acquiring an additional 150,669 shares during the last quarter. 81.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

X has been the subject of a number of recent research reports. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $38.00 target price (down previously from $43.00) on shares of United States Steel in a research note on Wednesday, April 16th. Morgan Stanley increased their price objective on United States Steel from $35.00 to $38.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Finally, BMO Capital Markets reiterated a "market perform" rating and issued a $45.00 price objective on shares of United States Steel in a report on Monday, March 31st. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $39.22.

United States Steel Trading Up 3.1%

NYSE X opened at $41.61 on Tuesday. The stock has a market cap of $9.42 billion, a P/E ratio of 27.93, a price-to-earnings-growth ratio of 1.53 and a beta of 1.82. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. The stock has a 50 day simple moving average of $41.86 and a two-hundred day simple moving average of $38.51. United States Steel Co. has a fifty-two week low of $26.92 and a fifty-two week high of $46.18.

United States Steel (NYSE:X - Get Free Report) last released its earnings results on Thursday, May 1st. The basic materials company reported ($0.39) EPS for the quarter, missing analysts' consensus estimates of ($0.35) by ($0.04). The firm had revenue of $3.73 billion during the quarter, compared to analysts' expectations of $3.54 billion. United States Steel had a net margin of 2.46% and a return on equity of 4.27%. The company's revenue for the quarter was down 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.82 EPS. On average, analysts forecast that United States Steel Co. will post 1.43 earnings per share for the current year.

United States Steel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Monday, May 12th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Monday, May 12th. United States Steel's payout ratio is presently 68.97%.

United States Steel 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.

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