Capital Advisors Inc. OK Invests $537,000 in United States Steel Co. (NYSE:X)

Capital Advisors Inc. OK acquired a new stake in shares of United States Steel Co. (NYSE:X) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 15,800 shares of the basic materials company’s stock, valued at approximately $537,000.

Other institutional investors also recently bought and sold shares of the company. Empirical Asset Management LLC bought a new stake in shares of United States Steel in the 4th quarter valued at about $525,000. ARS Investment Partners LLC purchased a new stake in United States Steel during the fourth quarter valued at approximately $15,510,000. Rockefeller Capital Management L.P. boosted its stake in United States Steel by 646.0% in the third 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 in the last quarter. Geode Capital Management LLC grew its holdings in 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 worth $135,691,000 after purchasing an additional 37,528 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of United States Steel by 1.1% during 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 in the last quarter. 81.92% of the stock is owned by hedge funds and other institutional investors.

United States Steel Stock Performance

X opened at $38.58 on Thursday. The firm has a 50 day moving average of $35.00 and a two-hundred day moving average of $36.96. The firm has a market capitalization of $8.69 billion, a PE ratio of 25.89, a P/E/G ratio of 1.30 and a beta of 1.86. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. United States Steel Co. has a 12-month low of $26.92 and a 12-month high of $48.13.

United States Steel (NYSE:X) last posted its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share (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 anticipate that United States Steel Co. will post 1.75 EPS for the current year.

United States Steel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th will be paid a $0.05 dividend. The ex-dividend date is Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. United States Steel’s payout ratio is 13.42%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on X. Morgan Stanley reissued an “equal weight” rating and issued a $39.00 price objective on shares of United States Steel in a research report on Monday, February 3rd. Bank of America initiated coverage on United States Steel in a research note on Monday, January 6th. They set a “neutral” rating and a $35.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on shares of United States Steel from $44.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Jefferies Financial Group lowered their target price on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Finally, BMO Capital Markets cut 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. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, United States Steel currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.82.

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.