Smithfield Trust Co Acquires 903 Shares of United States Steel Co. (NYSE:X)

Smithfield Trust Co boosted its holdings in United States Steel Co. (NYSE:X) by 903.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,003 shares of the basic materials company’s stock after acquiring an additional 903 shares during the quarter. Smithfield Trust Co’s holdings in United States Steel were worth $34,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA increased its position in shares of United States Steel by 26.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,598,831 shares of the basic materials company’s stock valued at $162,477,000 after purchasing an additional 964,467 shares during the last quarter. Geode Capital Management LLC increased its position 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 valued at $135,691,000 after purchasing an additional 37,528 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of United States Steel by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,635,715 shares of the basic materials company’s stock valued at $89,588,000 after purchasing an additional 35,007 shares during the last quarter. Castle Hook Partners LP bought a new position in shares of United States Steel during the 3rd quarter valued at about $91,712,000. Finally, Holocene Advisors LP bought a new position in shares of United States Steel during the 3rd quarter valued at about $51,620,000. 81.92% of the stock is currently owned by institutional investors.

United States Steel Trading Down 0.8 %

NYSE X opened at $37.39 on Thursday. The stock has a market cap of $8.42 billion, a P/E ratio of 25.10, a price-to-earnings-growth ratio of 1.53 and a beta of 1.86. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. The stock has a 50 day simple moving average of $36.37 and a two-hundred day simple moving average of $36.70. United States Steel Co. has a fifty-two week low of $26.92 and a fifty-two week high of $48.07.

United States Steel (NYSE:X) last released its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. On average, analysts forecast that United States Steel Co. will post 1.43 earnings per share for the current year.

United States Steel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Monday, February 10th. United States Steel’s payout ratio is 13.42%.

Analyst Ratings Changes

Several brokerages have recently commented on X. Morgan Stanley reiterated an “equal weight” rating and set a $39.00 price objective on shares of United States Steel in a research report on Monday, February 3rd. BMO Capital Markets reduced their price target on United States Steel from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, December 20th. Bank of America initiated coverage on United States Steel in a research report on Monday, January 6th. They set a “neutral” rating and a $35.00 price target on the stock. Jefferies Financial Group reduced their price target on United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. reduced their price target on United States Steel from $44.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.82.

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.