Smithfield Trust Co Buys 903 Shares of United States Steel Co. (NYSE:X)

Smithfield Trust Co grew its stake in United States Steel Co. (NYSE:X) by 903.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,003 shares of the basic materials company’s stock after acquiring an additional 903 shares during the quarter. Smithfield Trust Co’s holdings in United States Steel were worth $34,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Ameliora Wealth Management Ltd. purchased a new position in shares of United States Steel in the fourth quarter worth $27,000. ORG Wealth Partners LLC purchased a new position in shares of United States Steel in the fourth quarter worth $30,000. Newbridge Financial Services Group Inc. purchased a new position in shares of United States Steel in the fourth quarter worth $34,000. Gladius Capital Management LP purchased a new position in shares of United States Steel in the third quarter worth $39,000. Finally, Byrne Asset Management LLC raised its stake in shares of United States Steel by 4,680.0% in the fourth quarter. Byrne Asset Management LLC now owns 1,195 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 1,170 shares during the last quarter. 81.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on X. JPMorgan Chase & Co. decreased their price target on United States Steel from $44.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Morgan Stanley reiterated an “equal weight” rating and set a $39.00 price objective on shares of United States Steel in a research report on Monday, February 3rd. Bank of America started coverage on United States Steel in a research report on Monday, January 6th. They set a “neutral” rating and a $35.00 price objective for the company. 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. Finally, BMO Capital Markets reduced their price objective on United States Steel from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, December 20th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.82.

United States Steel Stock Performance

Shares of X opened at $37.39 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36. The business has a 50-day simple moving average of $36.37 and a two-hundred day simple moving average of $36.70. The stock has a market cap of $8.42 billion, a price-to-earnings ratio of 25.10, a PEG ratio of 1.53 and a beta of 1.86. United States Steel Co. has a 52 week low of $26.92 and a 52 week high of $48.07.

United States Steel (NYSE:X) last issued its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.18) EPS 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%. On average, analysts expect that United States Steel Co. will post 1.43 EPS for the current year.

United States Steel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Monday, February 10th. United States Steel’s dividend payout ratio (DPR) is 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.