United States Steel Co. (NYSE:X) Shares Purchased by Parallel Advisors LLC

Parallel Advisors LLC raised its position in United States Steel Co. (NYSE:XFree Report) by 28.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,363 shares of the basic materials company’s stock after purchasing an additional 304 shares during the quarter. Parallel Advisors LLC’s holdings in United States Steel were worth $66,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Pacific Capital Wealth Advisors Inc. bought a new position in United States Steel in the 4th quarter valued at about $25,000. GAMMA Investing LLC bought a new position in shares of United States Steel in the fourth quarter valued at approximately $33,000. Rakuten Securities Inc. acquired a new position in shares of United States Steel during the fourth quarter valued at approximately $53,000. Trust Co. of Vermont bought a new stake in United States Steel during the third quarter worth approximately $65,000. Finally, Rise Advisors LLC acquired a new stake in United States Steel in the fourth quarter worth approximately $97,000. Institutional investors own 81.92% of the company’s stock.

United States Steel Stock Down 0.1 %

X stock opened at $38.32 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.71 and a quick ratio of 1.14. The company has a 50-day moving average of $38.51 and a two-hundred day moving average of $42.11. The stock has a market capitalization of $8.62 billion, a price-to-earnings ratio of 11.24 and a beta of 1.99. United States Steel Co. has a 52-week low of $21.99 and a 52-week high of $50.20.

United States Steel (NYSE:XGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. The company had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.22 billion. United States Steel had a return on equity of 10.61% and a net margin of 4.89%. As a group, equities research analysts anticipate that United States Steel Co. will post 3.02 EPS for the current year.

United States Steel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Monday, May 13th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Friday, May 10th. United States Steel’s dividend payout ratio (DPR) is presently 5.87%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wolfe Research raised United States Steel from a “peer perform” rating to an “outperform” rating and set a $46.00 price objective on the stock in a research note on Tuesday, April 9th. Jefferies Financial Group initiated coverage on shares of United States Steel in a report on Monday, May 20th. They issued a “buy” rating and a $45.00 price target for the company. BMO Capital Markets dropped their target price on shares of United States Steel from $55.00 to $45.00 and set a “market perform” rating on the stock in a report on Tuesday, March 19th. StockNews.com assumed coverage on shares of United States Steel in a report on Friday, May 31st. They set a “hold” rating for the company. Finally, JPMorgan Chase & Co. dropped their price target on United States Steel from $47.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, United States Steel presently has an average rating of “Hold” and an average target price of $38.78.

View Our Latest Stock Analysis on United States Steel

United States Steel Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for United States Steel (NYSE:X)

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