Pictet Asset Management Holding SA Purchases 628 Shares of United States Steel Co. (NYSE:X)

Pictet Asset Management Holding SA lifted its position in shares of United States Steel Co. (NYSE:X) by 1.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,793 shares of the basic materials company’s stock after buying an additional 628 shares during the quarter. Pictet Asset Management Holding SA’s holdings in United States Steel were worth $1,183,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Ameliora Wealth Management Ltd. purchased a new stake in United States Steel during the 4th quarter valued at approximately $27,000. ORG Wealth Partners LLC purchased a new position in United States Steel during the fourth quarter valued at $30,000. Parkworth Wealth Management Inc. purchased a new position in United States Steel during the fourth quarter valued at $31,000. Lee Danner & Bass Inc. purchased a new stake in United States Steel in the 4th quarter worth $32,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of United States Steel during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 81.92% of the company’s stock.

United States Steel Stock Performance

X stock opened at $38.30 on Friday. United States Steel Co. has a twelve month low of $26.92 and a twelve month high of $44.87. The firm has a market cap of $8.67 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 1.53 and a beta of 1.79. The business’s fifty day simple moving average is $38.93 and its two-hundred day simple moving average is $37.38. 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 posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.38). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. Analysts predict that United States Steel Co. will post 1.43 earnings per share for the current year.

United States Steel Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 0.52%. United States Steel’s dividend payout ratio (DPR) is currently 13.42%.

Wall Street Analysts Forecast Growth

X has been the topic of several research reports. JPMorgan Chase & Co. lifted their target price on United States Steel from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. BMO Capital Markets reaffirmed a “market perform” rating and set a $45.00 price objective on shares of United States Steel in a report on Monday, March 31st. Bank of America started coverage on shares of United States Steel in a report on Monday, January 6th. They issued a “neutral” rating and a $35.00 target price for the company. Jefferies Financial Group lowered their price objective on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, Morgan Stanley lifted their price objective on shares of United States Steel from $39.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Friday, March 7th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $41.32.

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.