Robertson Stephens Wealth Management LLC Buys Shares of 103,382 United States Steel Corporation (NYSE:X)

Robertson Stephens Wealth Management LLC acquired a new position in shares of United States Steel Corporation (NYSE:X - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 103,382 shares of the basic materials company's stock, valued at approximately $4,369,000.

Several other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. lifted its holdings 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 valued at $25,000 after purchasing an additional 277 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of United States Steel by 45.3% during the 1st quarter. Versant Capital Management Inc now owns 911 shares of the basic materials company's stock worth $38,000 after buying an additional 284 shares during the last quarter. Parkworth Wealth Management Inc. bought a new stake in shares of United States Steel during the 4th quarter worth about $31,000. Lee Danner & Bass Inc. bought a new stake in shares of United States Steel during the 4th quarter worth about $32,000. Finally, Smithfield Trust Co grew its stake in United States Steel by 903.0% in the 4th quarter. Smithfield Trust Co now owns 1,003 shares of the basic materials company's stock valued at $34,000 after buying an additional 903 shares during the last quarter. 81.92% of the stock is currently owned by institutional investors and hedge funds.

United States Steel Price Performance

Shares of NYSE:X traded up $0.13 during trading on Friday, reaching $54.97. 876 shares of the company traded hands, compared to its average volume of 6,510,852. 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 52 week low of $26.92 and a 52 week high of $54.91. The company has a quick ratio of 0.75, a current ratio of 1.45 and a debt-to-equity ratio of 0.36. The company's 50 day moving average is $46.57 and its two-hundred day moving average is $40.52.

United States Steel (NYSE:X - Get Free Report) last posted its quarterly 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 company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.54 billion. United States Steel had a net margin of 0.64% and a return on equity of 1.69%. The firm's revenue for the quarter was down 10.4% compared to the same quarter last year. During the same period last year, the firm earned $0.82 EPS. As a group, sell-side analysts predict that United States Steel Corporation will post 1.43 earnings per share for the current year.

United States Steel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Monday, May 12th were given 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 dividend yield of 0.36%. United States Steel's dividend payout ratio is 68.97%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Morgan Stanley raised 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 report on Monday, May 5th. JPMorgan Chase & Co. boosted their price target on United States Steel from $39.00 to $55.00 and gave the company a "neutral" rating in a research note on Monday, June 2nd. Glj Research cut United States Steel from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 30th. Jefferies Financial Group reissued a "hold" rating and set a $55.00 target price (up previously from $50.00) on shares of United States Steel in a report on Tuesday, May 27th. Finally, Wolfe Research reissued a "peer perform" rating on shares of United States Steel in a research report on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $43.80.

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.