Ameliora Wealth Management Ltd. Buys New Holdings in United States Steel Co. (NYSE:X)

Ameliora Wealth Management Ltd. purchased a new position in United States Steel Co. (NYSE:X) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 800 shares of the basic materials company’s stock, valued at approximately $27,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in X. Empirical Asset Management LLC purchased a new stake in shares of United States Steel in the fourth quarter worth about $525,000. ARS Investment Partners LLC purchased a new stake in shares of United States Steel during the 4th quarter worth approximately $15,510,000. Rockefeller Capital Management L.P. boosted its position in shares of United States Steel by 646.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 506,694 shares of the basic materials company’s stock valued at $17,902,000 after acquiring an additional 438,771 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of United States Steel by 1.0% in the third 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in 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 worth $91,883,000 after purchasing an additional 28,293 shares during the last quarter. 81.92% of the stock is currently owned by institutional investors.

United States Steel Price Performance

X opened at $39.18 on Friday. United States Steel Co. has a 52-week low of $26.92 and a 52-week high of $48.13. The stock has a market cap of $8.82 billion, a P/E ratio of 26.30 and a beta of 1.86. The business has a fifty day moving average of $35.11 and a 200 day moving average of $37.02. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36.

United States Steel (NYSE:X) last issued 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 return on equity of 4.27% and a net margin of 2.46%. As a group, sell-side analysts anticipate that United States Steel Co. will post 1.75 EPS for the current year.

United States Steel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Monday, February 10th. United States Steel’s dividend payout ratio (DPR) is presently 13.42%.

Wall Street Analyst Weigh In

X has been the subject of several research reports. 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. BMO Capital Markets dropped their price target on United States Steel from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, December 20th. JPMorgan Chase & Co. decreased their price objective 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. Bank of America started coverage on United States Steel in a report on Monday, January 6th. They issued a “neutral” rating and a $35.00 target price for the company. Finally, Jefferies Financial Group decreased their price target on United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.