FNY Investment Advisers LLC Purchases 6,392 Shares of United States Steel Co. (NYSE:X)

FNY Investment Advisers LLC boosted its position in United States Steel Co. (NYSE:X) by 454.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,800 shares of the basic materials company’s stock after acquiring an additional 6,392 shares during the period. FNY Investment Advisers LLC’s holdings in United States Steel were worth $265,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. ORG Wealth Partners LLC purchased a new stake in shares of United States Steel during the fourth quarter worth $30,000. Palouse Capital Management Inc. bought a new stake in shares of United States Steel during the 3rd quarter valued at $35,000. Gladius Capital Management LP purchased a new stake in United States Steel during the 3rd quarter worth about $39,000. GAMMA Investing LLC boosted its stake in United States Steel by 50.0% in the 4th quarter. GAMMA Investing LLC now owns 1,326 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 442 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in United States Steel during the 3rd quarter valued at about $59,000. 81.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on X. Jefferies Financial Group lowered their price target on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, January 6th. BMO Capital Markets lowered their target price 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. Finally, Bank of America assumed coverage on shares of United States Steel in a research report on Monday, January 6th. They set a “neutral” rating and a $35.00 price target for the company. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, United States Steel currently has a consensus rating of “Moderate Buy” and an average target price of $41.32.

United States Steel Price Performance

Shares of NYSE:X opened at $36.48 on Wednesday. The company’s fifty day moving average price is $35.95 and its 200-day moving average price is $37.22. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.67 and a quick ratio of 1.08. The firm has a market capitalization of $8.21 billion, a price-to-earnings ratio of 24.00 and a beta of 1.88. United States Steel Co. has a one year low of $26.92 and a one year high of $48.85.

United States Steel (NYSE:X) last released its earnings results on Thursday, October 31st. The basic materials company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. United States Steel had a return on equity of 6.01% and a net margin of 2.41%. The business had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the prior year, the firm earned $1.36 earnings per share. The firm’s revenue was down 13.0% on a year-over-year basis. On average, equities research analysts anticipate that United States Steel Co. will post 2.17 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Monday, November 11th were issued a dividend of $0.05 per share. The ex-dividend date was Friday, November 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.55%. United States Steel’s dividend payout ratio is 13.16%.

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.