B. Riley Wealth Advisors Inc. Trims Stock Position in United States Steel Co. (NYSE:X)

B. Riley Wealth Advisors Inc. cut its stake in United States Steel Co. (NYSE:X - Free Report) by 79.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,660 shares of the basic materials company's stock after selling 44,244 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in United States Steel were worth $396,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bessemer Group Inc. lifted its holdings in shares of United States Steel by 64.0% in the 4th quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company's stock worth $25,000 after acquiring an additional 277 shares during the last quarter. CIBC Asset Management Inc lifted its stake in United States Steel by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 6,880 shares of the basic materials company's stock worth $234,000 after purchasing an additional 366 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in United States Steel by 0.8% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 49,730 shares of the basic materials company's stock valued at $1,690,000 after buying an additional 412 shares during the period. Covestor Ltd grew its stake in shares of United States Steel by 17.2% during the fourth quarter. Covestor Ltd now owns 2,891 shares of the basic materials company's stock valued at $98,000 after buying an additional 424 shares during the last quarter. Finally, HBK Sorce Advisory LLC grew its stake in shares of United States Steel by 7.4% during the fourth quarter. HBK Sorce Advisory LLC now owns 6,551 shares of the basic materials company's stock valued at $223,000 after buying an additional 449 shares during the last quarter. Institutional investors own 81.92% of the company's stock.

United States Steel Stock Down 0.0%

Shares of X traded down $0.01 during mid-day trading on Wednesday, reaching $53.75. The company had a trading volume of 4,231,855 shares, compared to its average volume of 6,195,815. United States Steel Co. has a 52 week low of $26.92 and a 52 week high of $54.03. 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 company has a market capitalization of $12.17 billion, a price-to-earnings ratio of 36.07, a price-to-earnings-growth ratio of 1.53 and a beta of 1.82. The firm has a 50-day moving average price of $44.07 and a 200 day moving average price of $39.45.

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 the consensus estimate of ($0.35) by ($0.04). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same period last year, the firm posted $0.82 earnings per share. The company's revenue was down 10.4% compared to the same quarter last year. On average, sell-side analysts forecast that United States Steel Co. will post 1.43 EPS for the current year.

United States Steel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors 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 yield of 0.37%. The ex-dividend date is Monday, May 12th. United States Steel's payout ratio is 68.97%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on X shares. Glj Research cut shares of United States Steel from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 30th. Wolfe Research restated a "peer perform" rating on shares of United States Steel in a report on Tuesday, May 27th. 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. Morgan Stanley lifted their price objective on 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. Finally, Jefferies Financial Group restated 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, United States Steel has an average rating of "Hold" and an average price target of $43.80.

About United States Steel

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.