Stratos Wealth Partners LTD. Sells 853 Shares of United States Steel Co. (NYSE:X)

Stratos Wealth Partners LTD. lowered its stake in shares of United States Steel Co. (NYSE:X) by 7.5% during the fourth quarter, Holdings Channel reports. The fund owned 10,489 shares of the basic materials company’s stock after selling 853 shares during the period. Stratos Wealth Partners LTD.’s holdings in United States Steel were worth $357,000 at the end of the most recent reporting period.

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

United States Steel Stock Performance

Shares of NYSE:X opened at $38.58 on Thursday. The company has a market capitalization of $8.69 billion, a price-to-earnings ratio of 25.89, a P/E/G ratio of 1.30 and a beta of 1.86. The firm’s 50 day simple moving average is $35.00 and its 200 day simple moving average is $36.96. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91. United States Steel Co. has a fifty-two week low of $26.92 and a fifty-two week high of $48.13.

United States Steel (NYSE:X) last announced its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share 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%. As a group, sell-side analysts forecast that United States Steel Co. will post 1.75 earnings per share 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. Shareholders of record on Monday, February 10th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, February 10th. This represents a $0.20 annualized dividend and a yield of 0.52%. United States Steel’s dividend payout ratio (DPR) is currently 13.42%.

Analyst Ratings Changes

X has been the topic of a number of research reports. Morgan Stanley restated an “equal weight” rating and set a $39.00 target price on shares of United States Steel in a research report on Monday, February 3rd. Jefferies Financial Group cut their target price on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Bank of America initiated coverage on shares of United States Steel in a research report on Monday, January 6th. They set a “neutral” rating and a $35.00 target price on the stock. JPMorgan Chase & Co. cut their target price on shares of 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. Finally, BMO Capital Markets cut 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 report on Friday, December 20th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.