SBI Securities Co. Ltd. Buys New Stake in United States Steel Co. (NYSE:X)

SBI Securities Co. Ltd. bought a new stake in United States Steel Co. (NYSE:X) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 13,871 shares of the basic materials company’s stock, valued at approximately $471,000.

Several other large investors have also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp increased its position in shares of United States Steel by 148.2% during the 4th quarter. Jones Financial Companies Lllp now owns 6,501 shares of the basic materials company’s stock valued at $221,000 after purchasing an additional 3,882 shares during the period. Verus Capital Partners LLC increased its position in shares of United States Steel by 149.8% during the 4th quarter. Verus Capital Partners LLC now owns 72,290 shares of the basic materials company’s stock valued at $2,457,000 after purchasing an additional 43,350 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of United States Steel during the 4th quarter valued at $2,107,000. Schneider Downs Wealth Management Advisors LP acquired a new position in shares of United States Steel during the 4th quarter valued at $250,000. Finally, Flynn Zito Capital Management LLC increased its position in shares of United States Steel by 9.7% during the 4th quarter. Flynn Zito Capital Management LLC now owns 6,938 shares of the basic materials company’s stock valued at $236,000 after purchasing an additional 613 shares during the period. 81.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on X. Jefferies Financial Group lowered their price target on United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Bank of America began coverage on United States Steel in a research report on Monday, January 6th. They set a “neutral” rating and a $35.00 price target on the stock. Morgan Stanley reiterated an “equal weight” rating and set a $39.00 price target on shares of United States Steel in a research report on Monday, February 3rd. JPMorgan Chase & Co. decreased their target price on United States Steel from $44.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, BMO Capital Markets decreased their target price on United States Steel from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $39.82.

United States Steel Stock Performance

Shares of United States Steel stock opened at $37.84 on Wednesday. The stock has a market cap of $8.52 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 1.53 and a beta of 1.86. The business has a fifty day simple moving average of $36.26 and a 200-day simple moving average of $36.69. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36. United States Steel Co. has a 12 month low of $26.92 and a 12 month 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) 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%. On average, sell-side analysts anticipate that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders 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 dividend yield of 0.53%. United States Steel’s dividend payout ratio (DPR) 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.