ORG Wealth Partners LLC Acquires New Shares in United States Steel Co. (NYSE:X)

ORG Wealth Partners LLC bought a new position in shares of United States Steel Co. (NYSE:X) during the 4th quarter, HoldingsChannel reports. The firm bought 869 shares of the basic materials company’s stock, valued at approximately $30,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC raised its position in United States Steel by 0.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 26,880 shares of the basic materials company’s stock valued at $1,016,000 after purchasing an additional 241 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in shares of United States Steel by 9.2% in the 3rd quarter. Rakuten Securities Inc. now owns 3,328 shares of the basic materials company’s stock worth $118,000 after purchasing an additional 279 shares in the last quarter. Founders Capital Management increased its position in shares of United States Steel by 9.4% during the 3rd quarter. Founders Capital Management now owns 3,500 shares of the basic materials company’s stock valued at $124,000 after purchasing an additional 300 shares during the last quarter. D.A. Davidson & CO. raised its holdings in shares of United States Steel by 0.7% during the 3rd quarter. D.A. Davidson & CO. now owns 44,450 shares of the basic materials company’s stock valued at $1,570,000 after buying an additional 301 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its position in United States Steel by 1.7% in the 3rd quarter. Arkadios Wealth Advisors now owns 18,635 shares of the basic materials company’s stock worth $658,000 after buying an additional 306 shares during the last quarter. 81.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Bank of America initiated coverage on shares of United States Steel in a research note on Monday, January 6th. They set a “neutral” rating and a $35.00 price target on the stock. BMO Capital Markets decreased 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. Finally, Jefferies Financial Group cut their price target 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. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.32.

United States Steel Stock Performance

Shares of NYSE:X opened at $34.27 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.08 and a debt-to-equity ratio of 0.35. The company has a market cap of $7.72 billion, a price-to-earnings ratio of 22.55 and a beta of 1.88. United States Steel Co. has a 12 month low of $26.92 and a 12 month high of $48.85. The company has a 50-day moving average price of $36.04 and a 200-day moving average price of $37.21.

United States Steel (NYSE:X) last released its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.56 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter last year, the business posted $1.36 EPS. The business’s revenue was down 13.0% on a year-over-year basis. As a group, equities analysts anticipate that United States Steel Co. will post 2.17 EPS for the current year.

United States Steel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Monday, November 11th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.20 annualized dividend and a yield of 0.58%. United States Steel’s dividend payout ratio (DPR) is presently 13.16%.

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.