Stifel Financial Corp Purchases 22,161 Shares of United States Steel Co. (NYSE:X)

Stifel Financial Corp grew its position in United States Steel Co. (NYSE:X) by 98.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,682 shares of the basic materials company’s stock after acquiring an additional 22,161 shares during the quarter. Stifel Financial Corp’s holdings in United States Steel were worth $1,519,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Empirical Asset Management LLC bought a new position in United States Steel during the fourth quarter worth about $525,000. ARS Investment Partners LLC bought a new position in shares of United States Steel during the 4th quarter worth approximately $15,510,000. Heck Capital Advisors LLC bought a new position in shares of United States Steel during the 4th quarter worth approximately $554,000. Raymond James Financial Inc. acquired a new stake in United States Steel in the 4th quarter valued at $2,844,000. Finally, Hartree Partners LP grew its position in United States Steel by 140.9% in the fourth quarter. Hartree Partners LP now owns 257,606 shares of the basic materials company’s stock valued at $8,756,000 after acquiring an additional 150,669 shares during the period. Institutional investors and hedge funds own 81.92% of the company’s stock.

United States Steel Trading Down 1.5 %

X opened at $42.27 on Wednesday. United States Steel Co. has a twelve month low of $26.92 and a twelve month high of $46.18. The firm has a market cap of $9.57 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 1.53 and a beta of 1.82. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. The firm’s fifty day moving average is $41.16 and its two-hundred day moving average is $38.36.

United States Steel (NYSE:X) last posted its earnings results on Thursday, May 1st. The basic materials company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($0.04). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter in the prior year, the firm posted $0.82 earnings per share. The business’s revenue was down 10.4% on a year-over-year basis. Equities research analysts anticipate that United States Steel Co. will post 1.43 EPS for the current year.

United States Steel Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Monday, May 12th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, May 12th. This represents a $0.20 annualized dividend and a yield of 0.47%. United States Steel’s dividend payout ratio (DPR) is currently 68.97%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on X shares. BMO Capital Markets reissued a “market perform” rating and issued a $45.00 target price on shares of United States Steel in a report on Monday, March 31st. JPMorgan Chase & Co. restated a “neutral” rating and set a $38.00 target price (down previously from $43.00) on shares of United States Steel in a report on Wednesday, April 16th. Finally, Morgan Stanley lifted their price target on United States Steel from $35.00 to $38.00 and gave the company an “equal weight” rating in a report on Monday. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $39.22.

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.