HighTower Advisors LLC Has $1.19 Million Stake in United States Steel Co. (NYSE:X)

HighTower Advisors LLC raised its position in shares of United States Steel Co. (NYSE:X) by 23.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 33,268 shares of the basic materials company’s stock after acquiring an additional 6,261 shares during the period. HighTower Advisors LLC’s holdings in United States Steel were worth $1,188,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Rothschild Investment LLC acquired a new stake in shares of United States Steel in the second quarter valued at approximately $26,000. Palouse Capital Management Inc. acquired a new stake in shares of United States Steel in the third quarter valued at approximately $35,000. Blue Trust Inc. increased its holdings in shares of United States Steel by 339.0% in the second quarter. Blue Trust Inc. now owns 1,001 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 773 shares in the last quarter. Gladius Capital Management LP acquired a new stake in shares of United States Steel in the third quarter valued at approximately $39,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of United States Steel in the second quarter valued at approximately $46,000. Institutional investors and hedge funds own 81.92% of the company’s stock.

United States Steel Trading Down 1.5 %

Shares of NYSE X opened at $32.77 on Tuesday. The company’s fifty day moving average is $38.24 and its 200-day moving average is $37.92. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of 21.56 and a beta of 1.83. United States Steel Co. has a twelve month low of $26.92 and a twelve month high of $50.20. The company has a quick ratio of 1.08, a current ratio of 1.67 and a debt-to-equity ratio of 0.35.

United States Steel (NYSE:X) last announced its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.77 billion. United States Steel had a net margin of 2.41% and a return on equity of 6.01%. The business’s quarterly revenue was down 13.0% compared to the same quarter last year. During the same period last year, the firm posted $1.36 earnings per share. Equities research analysts predict that United States Steel Co. will post 2.17 EPS for the current year.

United States Steel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Monday, November 11th were given 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 0.61%. United States Steel’s dividend payout ratio is 13.16%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on X. StockNews.com began coverage on shares of United States Steel in a report on Monday, August 19th. They issued a “hold” rating for the company. Glj Research raised shares of United States Steel from a “sell” rating to a “buy” rating and set a $38.57 price objective on the stock in a research note on Monday, September 9th. Jefferies Financial Group reduced their price objective on shares of United States Steel from $47.00 to $41.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. BNP Paribas raised shares of United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 price objective on the stock in a research note on Friday, September 6th. Finally, JPMorgan Chase & Co. raised shares of United States Steel from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $40.00 to $42.00 in a research note on Monday, September 9th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, United States Steel has an average rating of “Moderate Buy” and a consensus price target of $42.80.

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.