Stifel Financial Corp Sells 4,258 Shares of United States Steel Co. (NYSE:X)

Stifel Financial Corp trimmed its stake in shares of United States Steel Co. (NYSE:X) by 15.9% in the third quarter, HoldingsChannel.com reports. The fund owned 22,521 shares of the basic materials company’s stock after selling 4,258 shares during the quarter. Stifel Financial Corp’s holdings in United States Steel were worth $796,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Rothschild Investment LLC acquired a new position in shares of United States Steel during the 2nd quarter worth $26,000. Palouse Capital Management Inc. acquired a new position in United States Steel during the third quarter worth about $35,000. Gladius Capital Management LP bought a new position in shares of United States Steel in the third quarter worth about $39,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of United States Steel in the 2nd quarter valued at approximately $46,000. Finally, Canton Hathaway LLC bought a new stake in shares of United States Steel during the 3rd quarter valued at approximately $72,000. 81.92% of the stock is owned by institutional investors and hedge funds.

United States Steel Price Performance

United States Steel stock opened at $31.97 on Wednesday. The firm has a market cap of $7.20 billion, a P/E ratio of 21.03 and a beta of 1.83. The stock’s 50 day moving average is $37.78 and its 200 day moving average is $37.67. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.67 and a quick ratio of 1.08. United States Steel Co. has a one year low of $26.92 and a one year high of $48.95.

United States Steel (NYSE:X) last announced its earnings results on Thursday, October 31st. The basic materials company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.41 by $0.15. United States Steel had a return on equity of 6.01% and a net margin of 2.41%. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the prior year, the company earned $1.36 EPS. The firm’s revenue for the quarter was down 13.0% compared to the same quarter last year. As a group, research analysts expect that United States Steel Co. will post 2.17 EPS for the current year.

United States Steel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Monday, November 11th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend was Friday, November 8th. United States Steel’s dividend payout ratio is presently 13.16%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on X shares. BMO Capital Markets dropped their price objective on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, December 20th. JPMorgan Chase & Co. upgraded United States Steel from a “neutral” rating to an “overweight” rating and increased their price target for the company from $40.00 to $42.00 in a research note on Monday, September 9th. Jefferies Financial Group reduced 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. Glj Research upgraded United States Steel from a “sell” rating to a “buy” rating and set a $38.57 target price for the company in a research report on Monday, September 9th. Finally, BNP Paribas raised United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 price target on the stock in a research note on Friday, September 6th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.37.

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.