B. Riley Wealth Advisors Inc. Sells 29,241 Shares of United States Steel Co. (NYSE:X)

B. Riley Wealth Advisors Inc. lessened its holdings in United States Steel Co. (NYSE:X) by 39.9% during the second quarter, HoldingsChannel.com reports. The fund owned 43,999 shares of the basic materials company’s stock after selling 29,241 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in United States Steel were worth $1,663,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of X. Water Island Capital LLC boosted its holdings in shares of United States Steel by 5.3% during the 2nd quarter. Water Island Capital LLC now owns 906,092 shares of the basic materials company’s stock valued at $34,250,000 after acquiring an additional 45,567 shares in the last quarter. Gabelli Funds LLC boosted its stake in shares of United States Steel by 436.4% during the fourth quarter. Gabelli Funds LLC now owns 214,300 shares of the basic materials company’s stock valued at $10,426,000 after purchasing an additional 174,350 shares in the last quarter. Third Point LLC grew its holdings in shares of United States Steel by 15.8% during the fourth quarter. Third Point LLC now owns 5,500,000 shares of the basic materials company’s stock worth $267,575,000 after purchasing an additional 750,000 shares during the last quarter. Janus Henderson Group PLC raised its holdings in United States Steel by 94.3% in the 1st quarter. Janus Henderson Group PLC now owns 211,043 shares of the basic materials company’s stock valued at $8,601,000 after buying an additional 102,450 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado raised its holdings in United States Steel by 560.4% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 27,289 shares of the basic materials company’s stock valued at $1,328,000 after buying an additional 23,157 shares during the last quarter. Institutional investors and hedge funds own 81.92% of the company’s stock.

United States Steel Trading Down 1.0 %

NYSE X opened at $34.64 on Thursday. United States Steel Co. has a one year low of $26.92 and a one year high of $50.20. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.72 and a quick ratio of 1.14. The business has a 50 day simple moving average of $37.75 and a 200 day simple moving average of $38.20. The stock has a market capitalization of $7.79 billion, a P/E ratio of 10.16 and a beta of 1.88.

United States Steel (NYSE:X) last released its earnings results on Thursday, August 1st. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. The company had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $4.01 billion. United States Steel had a net margin of 3.40% and a return on equity of 7.93%. United States Steel’s quarterly revenue was down 17.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.92 EPS. Research analysts expect that United States Steel Co. will post 2.18 earnings per share for the current year.

United States Steel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 12th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Monday, August 12th. United States Steel’s dividend payout ratio (DPR) is currently 5.87%.

Analyst Ratings Changes

X has been the subject of several recent research reports. StockNews.com assumed coverage on shares of United States Steel in a research report on Monday, August 19th. They issued a “hold” rating for the company. BNP Paribas raised United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 target price for the company in a research report on Friday, September 6th. Glj Research upgraded United States Steel from a “sell” rating to a “buy” rating and set a $38.57 price target on the stock in a research report on Monday, September 9th. Morgan Stanley raised their price objective on United States Steel from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Finally, JPMorgan Chase & Co. upgraded United States Steel from a “neutral” rating to an “overweight” rating and upped their target price for the company from $40.00 to $42.00 in a report on Monday, September 9th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, United States Steel has an average rating of “Moderate Buy” and an average target price of $40.62.

United States Steel Company 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.