869 Shares in United States Steel Co. (NYSE:X) Acquired by ORG Wealth Partners LLC

ORG Wealth Partners LLC bought a new position in United States Steel Co. (NYSE:X) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 869 shares of the basic materials company’s stock, valued at approximately $30,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Palouse Capital Management Inc. bought a new stake in United States Steel in the 3rd quarter valued at about $35,000. Gladius Capital Management LP bought a new stake in shares of United States Steel during the third quarter valued at approximately $39,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of United States Steel during the second quarter worth approximately $46,000. GAMMA Investing LLC lifted its holdings in shares of United States Steel by 50.0% in the 4th quarter. GAMMA Investing LLC now owns 1,326 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 442 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in United States Steel in the 3rd quarter valued at $59,000. 81.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

X has been the topic of a number of recent research reports. BMO Capital Markets dropped their price objective on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, December 20th. Bank of America began coverage on United States Steel in a research note on Monday, January 6th. They set a “neutral” rating and a $35.00 price target for the company. Finally, Jefferies Financial Group dropped their target price on United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.32.

United States Steel Stock Up 4.5 %

X stock opened at $34.27 on Friday. United States Steel Co. has a 1-year low of $26.92 and a 1-year high of $48.85. The stock has a market cap of $7.72 billion, a P/E ratio of 22.55 and a beta of 1.88. The stock’s fifty day simple moving average is $36.04 and its two-hundred day simple moving average is $37.21. The company has a current ratio of 1.67, a quick ratio of 1.08 and a debt-to-equity ratio of 0.35.

United States Steel (NYSE:X) last posted its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.15. The company had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.77 billion. United States Steel had a net margin of 2.41% and a return on equity of 6.01%. The firm’s revenue for the quarter was down 13.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.36 earnings per share. Analysts expect that United States Steel Co. will post 2.17 EPS for the current year.

United States Steel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Monday, November 11th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Friday, November 8th. United States Steel’s dividend payout ratio (DPR) is 13.16%.

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.