Capital Advisors Inc. OK Makes New Investment in United States Steel Co. (NYSE:X)

Capital Advisors Inc. OK bought a new stake in shares of United States Steel Co. (NYSE:X) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 15,800 shares of the basic materials company’s stock, valued at approximately $537,000.

Several other institutional investors and hedge funds have also recently modified their holdings of X. Empirical Asset Management LLC purchased a new position in United States Steel during the fourth quarter worth approximately $525,000. ARS Investment Partners LLC acquired a new position in shares of United States Steel during the 4th quarter worth approximately $15,510,000. Rockefeller Capital Management L.P. lifted its position in shares of United States Steel by 646.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 506,694 shares of the basic materials company’s stock valued at $17,902,000 after buying an additional 438,771 shares in the last quarter. Geode Capital Management LLC grew its stake in United States Steel by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,839,684 shares of the basic materials company’s stock valued at $135,691,000 after acquiring an additional 37,528 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in United States Steel by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,600,708 shares of the basic materials company’s stock worth $91,883,000 after acquiring an additional 28,293 shares in the last quarter. Hedge funds and other institutional investors own 81.92% of the company’s stock.

United States Steel Price Performance

NYSE:X opened at $38.58 on Thursday. United States Steel Co. has a one year low of $26.92 and a one year high of $48.13. The stock has a market cap of $8.69 billion, a PE ratio of 25.89, a P/E/G ratio of 1.30 and a beta of 1.86. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. The stock has a 50 day moving average price of $35.00 and a 200 day moving average price of $36.96.

United States Steel (NYSE:X) last issued its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.38). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. Equities research analysts expect that United States Steel Co. will post 1.75 EPS for the current fiscal year.

United States Steel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Monday, February 10th. United States Steel’s dividend payout ratio (DPR) is presently 13.42%.

Analysts Set New Price Targets

X has been the topic of several recent analyst reports. Jefferies Financial Group decreased their price objective 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. JPMorgan Chase & Co. decreased their price target on shares of United States Steel from $44.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Morgan Stanley reiterated an “equal weight” rating and set a $39.00 price objective on shares of United States Steel in a research note on Monday, February 3rd. Bank of America initiated coverage on United States Steel in a research report on Monday, January 6th. They issued a “neutral” rating and a $35.00 target price on the stock. Finally, BMO Capital Markets dropped their price target on United States Steel from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, December 20th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $39.82.

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.