Sanctuary Advisors LLC Acquires New Stake in United States Steel Co. (NYSE:X)

Sanctuary Advisors LLC bought a new position in United States Steel Co. (NYSE:X) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 13,116 shares of the basic materials company’s stock, valued at approximately $491,000.

Several other institutional investors and hedge funds have also made changes to their positions in X. Rothschild Investment LLC purchased a new position in United States Steel during the 2nd quarter worth $26,000. Riverview Trust Co bought a new stake in shares of United States Steel in the first quarter valued at about $29,000. Blue Trust Inc. lifted its stake in United States Steel by 339.0% in 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. Ashton Thomas Private Wealth LLC bought a new position in United States Steel during the 2nd quarter worth about $46,000. Finally, Scarborough Advisors LLC purchased a new position in United States Steel during the 4th quarter valued at about $49,000. 81.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Morgan Stanley upped their price objective on United States Steel from $48.00 to $49.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Jefferies Financial Group decreased their target price on shares of United States Steel from $47.00 to $41.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. BNP Paribas upgraded shares of United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 target price for the company in a research note on Friday, September 6th. StockNews.com initiated coverage on United States Steel in a research report on Monday, August 19th. They set a “hold” rating on the stock. Finally, Glj Research raised United States Steel from a “sell” rating to a “buy” rating and set a $38.57 price objective for the company in a research report on Monday, September 9th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.62.

United States Steel Stock Up 1.5 %

X stock opened at $36.97 on Wednesday. The firm’s fifty day moving average is $36.93 and its 200 day moving average is $37.91. The firm has a market cap of $8.31 billion, a PE ratio of 10.84 and a beta of 1.87. 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 quick ratio of 1.14 and a current ratio of 1.72.

United States Steel (NYSE:X) last released its quarterly 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 firm had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $4.01 billion. United States Steel had a net margin of 3.40% and a return on equity of 7.93%. The firm’s revenue for the quarter was down 17.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.92 EPS. On average, research analysts forecast that United States Steel Co. will post 2.18 EPS for the current year.

United States Steel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 12th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Monday, August 12th. United States Steel’s payout ratio is 5.87%.

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.