Lee Danner & Bass Inc. Purchases New Position in United States Steel Co. (NYSE:X)

Lee Danner & Bass Inc. purchased a new stake in United States Steel Co. (NYSE:X) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 946 shares of the basic materials company’s stock, valued at approximately $32,000.

Other large investors have also made changes to their positions in the company. Ameliora Wealth Management Ltd. bought a new stake in shares of United States Steel in the 4th quarter valued at approximately $27,000. ORG Wealth Partners LLC acquired a new stake in United States Steel in the 4th quarter worth approximately $30,000. Parkworth Wealth Management Inc. acquired a new stake in United States Steel in the 4th quarter worth approximately $31,000. Newbridge Financial Services Group Inc. acquired a new stake in United States Steel in the 4th quarter worth approximately $34,000. Finally, Smithfield Trust Co lifted its holdings in United States Steel by 903.0% in the 4th quarter. Smithfield Trust Co now owns 1,003 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 903 shares during the last quarter. Institutional investors own 81.92% of the company’s stock.

United States Steel Stock Performance

Shares of NYSE X opened at $40.90 on Monday. The business has a fifty day simple moving average of $37.88 and a 200 day simple moving average of $36.83. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $9.21 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.53 and a beta of 1.86. United States Steel Co. has a one year low of $26.92 and a one year high of $43.35.

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 net margin of 2.46% and a return on equity of 4.27%. Sell-side analysts expect that United States Steel Co. will post 1.43 EPS for the current year.

United States Steel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, February 10th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.49%. United States Steel’s payout ratio is 13.42%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on X. Bank of America began 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. Morgan Stanley boosted their target price on United States Steel from $39.00 to $43.00 and gave the stock an “equal weight” rating in a report on Friday, March 7th. Jefferies Financial Group reduced their target price on United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a report on Monday, January 6th. BMO Capital Markets upped their price target on United States Steel from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday. Finally, JPMorgan Chase & Co. upped their price target on United States Steel from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.32.

About United States Steel

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.