United States Steel Co. (NYSE:X) Shares Bought by Sigma Planning Corp

Sigma Planning Corp grew its position in United States Steel Co. (NYSE:X) by 68.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 24,639 shares of the basic materials company’s stock after buying an additional 9,979 shares during the period. Sigma Planning Corp’s holdings in United States Steel were worth $837,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameliora Wealth Management Ltd. bought a new position in United States Steel in the fourth quarter worth about $27,000. ORG Wealth Partners LLC acquired a new stake in shares of United States Steel during the 4th quarter worth approximately $30,000. Newbridge Financial Services Group Inc. bought a new stake in shares of United States Steel in the 4th quarter worth approximately $34,000. Gladius Capital Management LP acquired a new position in United States Steel during the 3rd quarter valued at approximately $39,000. Finally, Byrne Asset Management LLC grew its stake 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 buying an additional 1,170 shares during the last quarter. 81.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on X shares. 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 target price on the stock. 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. JPMorgan Chase & Co. decreased their target price on shares of United States Steel from $44.00 to $40.00 and set an “overweight” rating for the company 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 note on Monday, February 3rd. Finally, Jefferies Financial Group reduced their price objective on United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $39.82.

United States Steel Trading Up 1.1 %

Shares of NYSE:X opened at $38.12 on Wednesday. The company has a 50 day moving average of $35.51 and a 200-day moving average of $36.80. 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 firm has a market cap of $8.59 billion, a P/E ratio of 25.59, a P/E/G ratio of 1.53 and a beta of 1.86. United States Steel Co. has a twelve month low of $26.92 and a twelve month high of $48.13.

United States Steel (NYSE:X) last announced its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) EPS 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, analysts anticipate that United States Steel Co. will post 1.43 earnings per share for the current fiscal year.

United States Steel Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.52%. United States Steel’s dividend payout ratio (DPR) is 13.42%.

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.