Net Worth Advisory Group Buys Shares of 5,639 United States Steel Co. (NYSE:X)

Net Worth Advisory Group bought a new stake in United States Steel Co. (NYSE:X - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 5,639 shares of the basic materials company's stock, valued at approximately $238,000.

A number of other hedge funds have also recently modified their holdings of the stock. Bessemer Group Inc. boosted its stake in United States Steel by 64.0% during the 4th quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company's stock worth $25,000 after purchasing an additional 277 shares during the period. Parkworth Wealth Management Inc. acquired a new stake in United States Steel during the 4th quarter worth $31,000. Lee Danner & Bass Inc. acquired a new stake in United States Steel during the 4th quarter worth $32,000. Smithfield Trust Co boosted its stake in United States Steel by 903.0% during the 4th quarter. Smithfield Trust Co now owns 1,003 shares of the basic materials company's stock worth $34,000 after purchasing an additional 903 shares during the period. Finally, CBIZ Investment Advisory Services LLC acquired a new stake in United States Steel during the 4th quarter worth $37,000. 81.92% of the stock is owned by hedge funds and other institutional investors.

United States Steel Price Performance

Shares of NYSE X traded down $1.54 during midday trading on Friday, hitting $52.17. The company had a trading volume of 20,528,901 shares, compared to its average volume of 6,407,958. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36. United States Steel Co. has a twelve month low of $26.92 and a twelve month high of $54.24. The business has a 50-day simple moving average of $45.67 and a two-hundred day simple moving average of $40.13. The firm has a market capitalization of $11.81 billion, a price-to-earnings ratio of 35.02, a price-to-earnings-growth ratio of 1.53 and a beta of 1.87.

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

United States Steel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Monday, May 12th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend was Monday, May 12th. United States Steel's dividend payout ratio (DPR) is 68.97%.

Analyst Ratings Changes

A number of analysts recently weighed in on X shares. BMO Capital Markets reiterated a "market perform" rating and set a $45.00 price target on shares of United States Steel in a research note on Monday, March 31st. Glj Research cut shares of United States Steel from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 30th. JPMorgan Chase & Co. raised their target price on shares of United States Steel from $39.00 to $55.00 and gave the stock a "neutral" rating in a research note on Monday, June 2nd. Jefferies Financial Group restated a "hold" rating and issued a $55.00 target price (up previously from $50.00) on shares of United States Steel in a research note on Tuesday, May 27th. Finally, Wolfe Research restated a "peer perform" rating on shares of United States Steel in a research note on Tuesday, May 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $43.80.

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.