Ameliora Wealth Management Ltd. Buys Shares of 800 United States Steel Co. (NYSE:X)

Ameliora Wealth Management Ltd. purchased a new position in United States Steel Co. (NYSE:X) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 800 shares of the basic materials company’s stock, valued at approximately $27,000.

Other hedge funds have also recently made changes to their positions in the company. Creative Planning boosted its stake in United States Steel by 3.2% in the second quarter. Creative Planning now owns 17,980 shares of the basic materials company’s stock valued at $680,000 after acquiring an additional 556 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of United States Steel during the 2nd quarter valued at $491,000. Handelsbanken Fonder AB boosted its position in shares of United States Steel by 76.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 33,800 shares of the basic materials company’s stock worth $1,194,000 after purchasing an additional 14,600 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in United States Steel during the 3rd quarter worth $824,000. Finally, Lake Hills Wealth Management LLC raised its stake in United States Steel by 47.4% in the third quarter. Lake Hills Wealth Management LLC now owns 9,464 shares of the basic materials company’s stock valued at $334,000 after buying an additional 3,045 shares during the last quarter. 81.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

X has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on United States Steel from $44.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Bank of America initiated coverage on shares of United States Steel in a research report on Monday, January 6th. They set a “neutral” rating and a $35.00 target price on the stock. Jefferies Financial Group decreased their price target on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a report on Monday, January 6th. 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 report on Friday, December 20th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $39.00 target price on shares of United States Steel in a research report on Monday. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $39.82.

United States Steel Trading Up 3.3 %

Shares of United States Steel stock opened at $39.18 on Friday. United States Steel Co. has a 1 year low of $26.92 and a 1 year high of $48.13. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91. The stock has a market cap of $8.82 billion, a PE ratio of 26.30 and a beta of 1.86. The firm has a fifty day moving average price of $35.11 and a 200 day moving average price of $37.02.

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

United States Steel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $0.20 annualized dividend and a yield of 0.51%. United States Steel’s dividend payout ratio is presently 13.42%.

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.