United States Steel Co. (NYSE:X) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers grew its position in shares of United States Steel Co. (NYSE:X) by 14.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,443 shares of the basic materials company’s stock after acquiring an additional 4,032 shares during the quarter. Cetera Investment Advisers’ holdings in United States Steel were worth $1,103,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. lifted its holdings in United States Steel by 64.0% in the fourth quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 277 shares during the period. Ameliora Wealth Management Ltd. acquired a new stake in United States Steel in the fourth quarter worth about $27,000. Parkworth Wealth Management Inc. acquired a new stake in United States Steel in the fourth quarter worth about $31,000. Lee Danner & Bass Inc. acquired a new stake in United States Steel in the fourth quarter worth about $32,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in United States Steel in the fourth quarter worth about $34,000. Institutional investors and hedge funds own 81.92% of the company’s stock.

Wall Street Analyst Weigh In

X has been the topic of several research reports. Morgan Stanley boosted their price target on shares of United States Steel from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $38.00 price target (down from $43.00) on shares of United States Steel in a research report on Wednesday, April 16th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $45.00 price target on shares of United States Steel in a research report on Monday, March 31st. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $39.22.

United States Steel Price Performance

X stock opened at $42.99 on Friday. 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 Co. has a one year low of $26.92 and a one year high of $46.18. The firm has a 50-day moving average of $42.05 and a two-hundred day moving average of $38.59. The firm has a market capitalization of $9.73 billion, a PE ratio of 28.85, a P/E/G ratio of 1.53 and a beta of 1.82.

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

United States Steel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Monday, May 12th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.47%. United States Steel’s payout ratio is 68.97%.

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.