Carson Advisory Inc. Decreases Stock Position in United States Steel Corporation (NYSE:X)

Carson Advisory Inc. lowered its stake in United States Steel Corporation (NYSE:X) by 3.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,950 shares of the basic materials company’s stock after selling 1,000 shares during the period. United States Steel makes up approximately 0.9% of Carson Advisory Inc.’s holdings, making the stock its 28th largest holding. Carson Advisory Inc.’s holdings in United States Steel were worth $1,308,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. HM Payson & Co. boosted its position in United States Steel by 57.2% during the 1st quarter. HM Payson & Co. now owns 706 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 257 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of United States Steel by 37.3% in the 1st quarter. Bessemer Group Inc. now owns 975 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 265 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of United States Steel by 45.3% in the 1st quarter. Versant Capital Management Inc now owns 911 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 284 shares in the last quarter. SummerHaven Investment Management LLC boosted its position in shares of United States Steel by 2.0% in the 1st quarter. SummerHaven Investment Management LLC now owns 20,028 shares of the basic materials company’s stock worth $846,000 after purchasing an additional 390 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of United States Steel by 0.8% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 49,730 shares of the basic materials company’s stock worth $1,690,000 after purchasing an additional 412 shares in the last quarter. Hedge funds and other institutional investors own 81.92% of the company’s stock.

United States Steel Price Performance

Shares of X opened at $54.97 on Friday. The firm has a market cap of $12.45 billion, a PE ratio of 189.56, a P/E/G ratio of 2.21 and a beta of 1.87. The company has a current ratio of 1.45, a quick ratio of 0.75 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $51.77 and a two-hundred day simple moving average of $43.44. United States Steel Corporation has a 1-year low of $26.92 and a 1-year high of $54.91.

United States Steel (NYSE:X) last announced its earnings results on Thursday, May 1st. The basic materials company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.04). The company had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.54 billion. United States Steel had a net margin of 0.64% and a return on equity of 1.69%. United States Steel’s quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.82 earnings per share. On average, equities analysts anticipate that United States Steel Corporation will post 1.43 EPS for the current year.

United States Steel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Monday, May 12th were paid a $0.05 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.36%. United States Steel’s dividend payout ratio (DPR) is 68.97%.

Wall Street Analyst Weigh In

X has been the topic of a number of analyst reports. BMO Capital Markets reissued a “market perform” rating and issued a $45.00 price target on shares of United States Steel in a research report on Monday, March 31st. Wolfe Research reissued a “peer perform” rating on shares of United States Steel in a research report on Tuesday, May 27th. Glj Research cut United States Steel from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, May 30th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $55.00 price objective (up from $50.00) on shares of United States Steel in a research report on Tuesday, May 27th. Finally, Morgan Stanley upped their price objective on United States Steel from $35.00 to $38.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $43.80.

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.