Covestor Ltd Purchases 424 Shares of United States Steel Co. (NYSE:X)

Covestor Ltd increased its position in shares of United States Steel Co. (NYSE:X) by 17.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,891 shares of the basic materials company’s stock after purchasing an additional 424 shares during the period. Covestor Ltd’s holdings in United States Steel were worth $98,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in X. Captrust Financial Advisors lifted its holdings in shares of United States Steel by 4.8% during the third quarter. Captrust Financial Advisors now owns 7,012 shares of the basic materials company’s stock worth $248,000 after buying an additional 321 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of United States Steel by 23.2% in the third quarter. HighTower Advisors LLC now owns 33,268 shares of the basic materials company’s stock valued at $1,188,000 after acquiring an additional 6,261 shares in the last quarter. M&T Bank Corp increased its position in United States Steel by 7.4% during the third quarter. M&T Bank Corp now owns 11,659 shares of the basic materials company’s stock worth $412,000 after acquiring an additional 804 shares during the period. Geode Capital Management LLC raised its stake in United States Steel by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,839,684 shares of the basic materials company’s stock worth $135,691,000 after purchasing an additional 37,528 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in United States Steel by 17.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 15,416 shares of the basic materials company’s stock valued at $602,000 after purchasing an additional 2,300 shares during the period. 81.92% of the stock is currently owned by institutional investors.

United States Steel Trading Down 1.9 %

X opened at $40.10 on Friday. The company’s 50 day moving average is $39.85 and its 200-day moving average is $37.64. The company has a market cap of $9.08 billion, a P/E ratio of 26.91, a PEG ratio of 1.53 and a beta of 1.79. United States Steel Co. has a 1-year low of $26.92 and a 1-year high of $46.18. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36.

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

United States Steel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Monday, February 10th. United States Steel’s dividend payout ratio is currently 13.42%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on X shares. Jefferies Financial Group lowered their target price on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, January 6th. BMO Capital Markets reaffirmed 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 increased their target price on United States Steel from $39.00 to $43.00 and gave the stock an “equal weight” rating in a report on Friday, March 7th. Bank of America assumed coverage on United States Steel in a research note on Monday, January 6th. They issued a “neutral” rating and a $35.00 price target for the company. Finally, JPMorgan Chase & Co. increased their price objective on shares of United States Steel from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.65.

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.