Byrne Asset Management LLC Buys 1,170 Shares of United States Steel Co. (NYSE:X)

Byrne Asset Management LLC increased its stake in shares of United States Steel Co. (NYSE:X) by 4,680.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,195 shares of the basic materials company’s stock after acquiring an additional 1,170 shares during the quarter. Byrne Asset Management LLC’s holdings in United States Steel were worth $41,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Ameliora Wealth Management Ltd. purchased a new stake in shares of United States Steel during the 4th quarter worth approximately $27,000. ORG Wealth Partners LLC bought a new position in United States Steel during the fourth quarter valued at $30,000. Palouse Capital Management Inc. purchased a new position in shares of United States Steel in the 3rd quarter worth $35,000. Gladius Capital Management LP bought a new stake in shares of United States Steel in the 3rd quarter worth about $39,000. Finally, GAMMA Investing LLC raised its position in shares of United States Steel by 50.0% during the 4th quarter. GAMMA Investing LLC now owns 1,326 shares of the basic materials company’s stock valued at $45,000 after buying an additional 442 shares in the last quarter. 81.92% of the stock is currently owned by institutional investors.

United States Steel Stock Performance

Shares of NYSE:X opened at $36.96 on Friday. 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 firm has a market cap of $8.32 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 1.30 and a beta of 1.86. The firm’s 50 day simple moving average is $35.09 and its 200-day simple moving average is $37.03. United States Steel Co. has a one year low of $26.92 and a one year high of $48.13.

United States Steel (NYSE:X) last issued its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.38). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. As a group, equities analysts predict that United States Steel Co. will post 1.75 EPS for the current year.

United States Steel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Monday, February 10th. United States Steel’s dividend payout ratio (DPR) is 13.42%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on X shares. JPMorgan Chase & Co. decreased their price objective on United States Steel from $44.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Morgan Stanley restated an “equal weight” rating and issued a $39.00 price target on shares of United States Steel in a research report on Monday, February 3rd. BMO Capital Markets cut 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 report on Friday, December 20th. Bank of America began coverage on shares of 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 decreased their price objective on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.