Sanctuary Advisors LLC Has $602,000 Stock Holdings in United States Steel Co. (NYSE:X)

Sanctuary Advisors LLC boosted its stake in shares of United States Steel Co. (NYSE:X) by 17.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 15,416 shares of the basic materials company’s stock after buying an additional 2,300 shares during the period. Sanctuary Advisors LLC’s holdings in United States Steel were worth $602,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. boosted its position in shares of United States Steel by 646.0% during the third quarter. Rockefeller Capital Management L.P. now owns 506,694 shares of the basic materials company’s stock worth $17,902,000 after buying an additional 438,771 shares during the period. Geode Capital Management LLC grew its stake in shares of United States Steel by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,839,684 shares of the basic materials company’s stock worth $135,691,000 after acquiring an additional 37,528 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of United States Steel by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,600,708 shares of the basic materials company’s stock valued at $91,883,000 after purchasing an additional 28,293 shares during the last quarter. Water Island Capital LLC lifted its position in shares of United States Steel by 5.3% in the second quarter. Water Island Capital LLC now owns 906,092 shares of the basic materials company’s stock worth $34,250,000 after purchasing an additional 45,567 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in United States Steel during the third quarter worth $608,000. Institutional investors own 81.92% of the company’s stock.

United States Steel Stock Up 1.9 %

X opened at $31.97 on Wednesday. The stock’s fifty day simple moving average is $37.78 and its 200 day simple moving average is $37.67. United States Steel Co. has a 1-year low of $26.92 and a 1-year high of $48.95. The stock has a market cap of $7.20 billion, a PE ratio of 21.03 and a beta of 1.83. The company has a current ratio of 1.67, a quick ratio of 1.08 and a debt-to-equity ratio of 0.35.

United States Steel (NYSE:X) last issued 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. United States Steel had a net margin of 2.41% and a return on equity of 6.01%. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period in the prior year, the firm earned $1.36 earnings per share. The company’s revenue was down 13.0% on a year-over-year basis. As a group, research analysts expect that United States Steel Co. will post 2.17 earnings per share for the current year.

United States Steel Announces Dividend

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

Wall Street Analyst Weigh In

X has been the topic of several recent research reports. BMO Capital Markets lowered their price target on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, December 20th. JPMorgan Chase & Co. upgraded United States Steel from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $40.00 to $42.00 in a report on Monday, September 9th. Glj Research upgraded United States Steel from a “sell” rating to a “buy” rating and set a $38.57 price target for the company in a research note on Monday, September 9th. BNP Paribas upgraded United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 price objective on the stock in a research note on Friday, September 6th. Finally, 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 note on Thursday, September 5th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, United States Steel presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.37.

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.