Orion Portfolio Solutions LLC Has $428,000 Holdings in United States Steel Co. (NYSE:X)

Orion Portfolio Solutions LLC trimmed its holdings in United States Steel Co. (NYSE:X) by 9.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,102 shares of the basic materials company’s stock after selling 1,287 shares during the period. Orion Portfolio Solutions LLC’s holdings in United States Steel were worth $428,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of United States Steel by 9.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,351 shares of the basic materials company’s stock worth $353,000 after buying an additional 826 shares during the period. Blue Trust Inc. boosted its holdings in shares of United States Steel by 339.0% during the second quarter. Blue Trust Inc. now owns 1,001 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 773 shares during the period. Fifth Third Wealth Advisors LLC bought a new position in shares of United States Steel during the second quarter worth approximately $287,000. Towerview LLC increased its stake in shares of United States Steel by 266.7% during the second quarter. Towerview LLC now owns 55,000 shares of the basic materials company’s stock worth $2,079,000 after purchasing an additional 40,000 shares during the period. Finally, Arkadios Wealth Advisors acquired a new stake in United States Steel during the 2nd quarter worth approximately $693,000. 81.92% of the stock is currently owned by institutional investors.

United States Steel Stock Down 3.0 %

NYSE X opened at $30.98 on Thursday. United States Steel Co. has a fifty-two week low of $26.92 and a fifty-two week high of $49.46. The business has a fifty day moving average price of $38.08 and a two-hundred day moving average price of $37.83. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.67 and a quick ratio of 1.08. The stock has a market capitalization of $6.98 billion, a PE ratio of 20.38 and a beta of 1.83.

United States Steel (NYSE:X) last released its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.15. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.77 billion. United States Steel had a return on equity of 6.01% and a net margin of 2.41%. United States Steel’s revenue was down 13.0% compared to the same quarter last year. During the same period last year, the firm posted $1.36 earnings per share. Equities analysts expect that United States Steel Co. will post 2.17 earnings per share for the current fiscal year.

United States Steel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Monday, November 11th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.65%. United States Steel’s dividend payout ratio is currently 13.16%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on X shares. Jefferies Financial Group lowered their price objective on United States Steel from $47.00 to $41.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. JPMorgan Chase & Co. raised shares of United States Steel from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $40.00 to $42.00 in a report on Monday, September 9th. BMO Capital Markets lowered their target price on shares of United States Steel from $45.00 to $43.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. BNP Paribas upgraded United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 price target for the company in a research note on Friday, September 6th. Finally, Glj Research upgraded United States Steel from a “sell” rating to a “buy” rating and set a $38.57 price objective on the stock in a research note on Monday, September 9th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $42.80.

About United States Steel

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.