Verus Capital Partners LLC Has $2.46 Million Holdings in United States Steel Co. (NYSE:X)

Verus Capital Partners LLC lifted its holdings in United States Steel Co. (NYSE:X) by 149.8% during the 4th quarter, HoldingsChannel reports. The fund owned 72,290 shares of the basic materials company’s stock after acquiring an additional 43,350 shares during the quarter. Verus Capital Partners LLC’s holdings in United States Steel were worth $2,457,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of X. Ameliora Wealth Management Ltd. acquired a new stake in United States Steel during the fourth quarter worth about $27,000. ORG Wealth Partners LLC acquired a new stake in United States Steel during the 4th quarter worth approximately $30,000. Newbridge Financial Services Group Inc. acquired a new position in shares of United States Steel during the fourth quarter worth $34,000. Gladius Capital Management LP acquired a new stake in United States Steel in the third quarter valued at $39,000. Finally, Byrne Asset Management LLC raised its position in 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 purchasing an additional 1,170 shares during the last quarter. 81.92% of the stock is owned by institutional investors.

United States Steel Trading Up 3.4 %

NYSE:X opened at $39.04 on Friday. United States Steel Co. has a 12 month low of $26.92 and a 12 month high of $48.13. 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 $8.79 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 1.53 and a beta of 1.86. The firm has a fifty day simple moving average of $35.79 and a two-hundred day simple moving average of $36.82.

United States Steel (NYSE:X) last issued its earnings results 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%. Analysts expect that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Monday, February 10th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Monday, February 10th. United States Steel’s dividend payout ratio is currently 13.42%.

Analyst Ratings Changes

X has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price target on United States Steel from $44.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. BMO Capital Markets decreased their target price on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, December 20th. Jefferies Financial Group dropped their price target on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $39.00 price objective on shares of United States Steel in a research note on Monday, February 3rd. Finally, Bank of America assumed coverage on shares of United States Steel in a research note on Monday, January 6th. They set a “neutral” rating and a $35.00 target price for the company. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.82.

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.