Flynn Zito Capital Management LLC Has $236,000 Stock Holdings in United States Steel Co. (NYSE:X)

Flynn Zito Capital Management LLC grew its position in United States Steel Co. (NYSE:X) by 9.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,938 shares of the basic materials company’s stock after buying an additional 613 shares during the period. Flynn Zito Capital Management LLC’s holdings in United States Steel were worth $236,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Empirical Asset Management LLC acquired a new position in United States Steel in the fourth quarter valued at about $525,000. ARS Investment Partners LLC bought a new position in shares of United States Steel during the 4th quarter valued at about $15,510,000. Rockefeller Capital Management L.P. grew its position in shares of United States Steel by 646.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 506,694 shares of the basic materials company’s stock valued at $17,902,000 after purchasing an additional 438,771 shares during the period. Geode Capital Management LLC increased its stake in United States Steel by 1.0% during 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, Charles Schwab Investment Management Inc. raised its holdings in United States Steel by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,600,708 shares of the basic materials company’s stock worth $91,883,000 after buying an additional 28,293 shares during the period. Institutional investors own 81.92% of the company’s stock.

Analyst Upgrades and Downgrades

X has been the subject of several research reports. Jefferies Financial Group lowered 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 report on Monday, January 6th. Morgan Stanley reiterated an “equal weight” rating and set a $39.00 target price on shares of United States Steel in a report on Monday, February 3rd. Bank of America began coverage on United States Steel in a report on Monday, January 6th. They issued a “neutral” rating and a $35.00 price target on the stock. BMO Capital Markets decreased their price objective on United States Steel from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. cut their target price 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. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.82.

United States Steel Trading Down 0.8 %

NYSE X opened at $37.79 on Thursday. The company has a market cap of $8.51 billion, a PE ratio of 25.36, a PEG ratio of 1.53 and a beta of 1.86. United States Steel Co. has a 12 month low of $26.92 and a 12 month high of $48.13. The stock has a 50 day moving average of $35.64 and a 200-day moving average of $36.81. 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 issued its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. On average, equities research analysts anticipate that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Dividend Announcement

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 dividend of $0.05 per share. The ex-dividend date is Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a yield of 0.53%. 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.