United States Steel Co. (NYSE:X) Shares Acquired by Global Retirement Partners LLC

Global Retirement Partners LLC boosted its position in United States Steel Co. (NYSE:X) by 126.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,025 shares of the basic materials company’s stock after purchasing an additional 5,035 shares during the quarter. Global Retirement Partners LLC’s holdings in United States Steel were worth $307,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. bought a new position in shares of United States Steel in the fourth quarter worth $27,000. ORG Wealth Partners LLC acquired a new stake in United States Steel in the fourth quarter worth about $30,000. Newbridge Financial Services Group Inc. bought a new position in United States Steel in the 4th quarter valued at about $34,000. Gladius Capital Management LP bought a new position in United States Steel in the 3rd quarter valued at about $39,000. Finally, Byrne Asset Management LLC raised its position in shares of United States Steel by 4,680.0% during the 4th quarter. Byrne Asset Management LLC now owns 1,195 shares of the basic materials company’s stock worth $41,000 after buying an additional 1,170 shares in the last quarter. 81.92% of the stock is owned by institutional investors and hedge funds.

United States Steel Trading Up 2.2 %

Shares of NYSE X opened at $37.76 on Tuesday. 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 12 month low of $26.92 and a 12 month high of $48.13. The company has a market cap of $8.50 billion, a price-to-earnings ratio of 25.34, a P/E/G ratio of 1.53 and a beta of 1.86. The business has a fifty day simple moving average of $35.28 and a 200-day simple moving average of $36.85.

United States Steel (NYSE:X) last posted its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. Sell-side analysts predict that United States Steel Co. will post 1.43 EPS for the current year.

United States Steel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Monday, February 10th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Monday, February 10th. United States Steel’s dividend payout ratio is 13.42%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on X. JPMorgan Chase & Co. lowered their price objective on shares of United States Steel from $44.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Jefferies Financial Group dropped their price objective on United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Morgan Stanley reaffirmed an “equal weight” rating and set a $39.00 target price on shares of United States Steel in a research note on Monday, February 3rd. BMO Capital Markets lowered their target price on United States Steel from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. Finally, Bank of America started coverage on shares of United States Steel in a report on Monday, January 6th. They issued a “neutral” rating and a $35.00 price target for the company. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $39.82.

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.