Kingswood Wealth Advisors LLC purchased a new stake in shares of United States Steel Corporation (NYSE:X - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,534 shares of the basic materials company's stock, valued at approximately $868,000.
Several other institutional investors and hedge funds have also recently modified their holdings of X. Stifel Financial Corp boosted its stake in United States Steel by 98.4% during the 4th quarter. Stifel Financial Corp now owns 44,682 shares of the basic materials company's stock valued at $1,519,000 after purchasing an additional 22,161 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of United States Steel in the fourth quarter worth $2,844,000. Hartree Partners LP lifted its holdings in shares of United States Steel by 140.9% during the fourth quarter. Hartree Partners LP now owns 257,606 shares of the basic materials company's stock valued at $8,756,000 after purchasing an additional 150,669 shares in the last quarter. IFP Advisors Inc boosted its position in shares of United States Steel by 81.8% during the fourth quarter. IFP Advisors Inc now owns 1,405 shares of the basic materials company's stock valued at $48,000 after buying an additional 632 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of United States Steel by 27.2% during the fourth quarter. Hsbc Holdings PLC now owns 7,467 shares of the basic materials company's stock valued at $253,000 after buying an additional 1,595 shares during the last quarter. 81.92% of the stock is currently owned by institutional investors.
United States Steel Stock Performance
NYSE X traded up $0.13 on Tuesday, reaching $54.97. 876 shares of the stock were exchanged, compared to its average volume of 6,537,664. The company's 50-day simple moving average is $47.15 and its two-hundred day simple moving average is $40.79. The company has a current ratio of 1.45, a quick ratio of 0.75 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $12.45 billion, a PE ratio of 189.56, a PEG ratio of 2.21 and a beta of 1.87. United States Steel Corporation has a one year low of $26.92 and a one year high of $54.91.
United States Steel (NYSE:X - Get Free Report) last issued its earnings results on Thursday, May 1st. The basic materials company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($0.04). The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.54 billion. United States Steel had a return on equity of 1.69% and a net margin of 0.64%. The company's quarterly revenue was down 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 EPS. Analysts expect that United States Steel Corporation will post 1.43 EPS for the current fiscal year.
United States Steel Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Monday, May 12th were issued a $0.05 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.36%. United States Steel's dividend payout ratio is presently 68.97%.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on X. JPMorgan Chase & Co. boosted their target price on United States Steel from $39.00 to $55.00 and gave the stock a "neutral" rating in a research report on Monday, June 2nd. Jefferies Financial Group reissued a "hold" rating and set a $55.00 price objective (up from $50.00) on shares of United States Steel in a report on Tuesday, May 27th. Glj Research downgraded shares of United States Steel from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 30th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $45.00 target price on shares of United States Steel in a research report on Monday, March 31st. Finally, Wolfe Research reiterated a "peer perform" rating on shares of United States Steel in a research note on Tuesday, May 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, United States Steel currently has a consensus rating of "Hold" and an average price target of $43.80.
View Our Latest Report 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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