Net Worth Advisory Group Purchases New Stake in United States Steel Co. (NYSE:X)

Net Worth Advisory Group acquired a new position in shares of United States Steel Co. (NYSE:X - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,639 shares of the basic materials company's stock, valued at approximately $238,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Bessemer Group Inc. boosted its position in United States Steel by 64.0% in the fourth quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company's stock valued at $25,000 after buying an additional 277 shares in the last quarter. Parkworth Wealth Management Inc. bought a new position in shares of United States Steel in the fourth quarter worth about $31,000. Lee Danner & Bass Inc. bought a new position in shares of United States Steel in the fourth quarter worth about $32,000. Smithfield Trust Co raised its stake in shares of United States Steel by 903.0% in the fourth quarter. Smithfield Trust Co now owns 1,003 shares of the basic materials company's stock worth $34,000 after acquiring an additional 903 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC bought a new position in shares of United States Steel in the fourth quarter worth about $37,000. Institutional investors own 81.92% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wolfe Research restated a "peer perform" rating on shares of United States Steel in a report on Tuesday, May 27th. Glj Research lowered shares of United States Steel from a "strong-buy" rating to a "strong sell" rating in a report 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 company a "neutral" rating in a research report on Monday, June 2nd. Jefferies Financial Group reissued a "hold" rating and issued a $55.00 price objective (up previously from $50.00) on shares of United States Steel in a research report on Tuesday, May 27th. Finally, Morgan Stanley lifted their price objective on shares of United States Steel from $35.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $43.80.

United States Steel Trading Up 5.1%

X traded up $2.67 during trading on Monday, reaching $54.86. 17,142,360 shares of the company's stock were exchanged, compared to its average volume of 6,450,914. United States Steel Co. has a one year low of $26.92 and a one year high of $54.91. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $12.42 billion, a PE ratio of 36.82, a price-to-earnings-growth ratio of 1.53 and a beta of 1.87. The firm has a fifty day moving average price of $45.89 and a two-hundred day moving average price of $40.23.

United States Steel (NYSE:X - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate 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 period in the prior year, the company posted $0.82 earnings per share. As a group, equities research analysts forecast that United States Steel Co. will post 1.43 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Monday, May 12th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.20 annualized dividend and a yield of 0.36%. United States Steel's payout ratio is 68.97%.

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.