Orion Portfolio Solutions LLC Has $428,000 Position in United States Steel Co. (NYSE:X)

Orion Portfolio Solutions LLC decreased its stake in United States Steel Co. (NYSE:X) by 9.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 12,102 shares of the basic materials company’s stock after selling 1,287 shares during the period. Orion Portfolio Solutions LLC’s holdings in United States Steel were worth $428,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Rothschild Investment LLC acquired a new position in United States Steel in the second quarter valued at $26,000. Palouse Capital Management Inc. acquired a new position in shares of United States Steel in the 3rd quarter valued at about $35,000. Blue Trust Inc. boosted its position in shares of United States Steel by 339.0% during the 2nd 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 United States Steel during the third quarter worth approximately $39,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in United States Steel in the second quarter worth approximately $46,000. 81.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of United States Steel from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $40.00 to $42.00 in a research report on Monday, September 9th. BMO Capital Markets cut their price objective on shares of United States Steel from $45.00 to $43.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. BNP Paribas raised United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 target price for the company in a research report on Friday, September 6th. Glj Research upgraded United States Steel from a “sell” rating to a “buy” rating and set a $38.57 price target on the stock in a report on Monday, September 9th. Finally, Jefferies Financial Group lowered their target price on United States Steel from $47.00 to $41.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, United States Steel currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.80.

United States Steel Stock Down 3.0 %

X stock opened at $30.98 on Thursday. The firm has a market capitalization of $6.98 billion, a PE ratio of 20.38 and a beta of 1.83. 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 Co. has a twelve month low of $26.92 and a twelve month high of $49.46. The stock’s 50 day moving average is $38.08 and its 200-day moving average is $37.83.

United States Steel (NYSE:X) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. The business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.77 billion. United States Steel had a return on equity of 6.01% and a net margin of 2.41%. United States Steel’s quarterly revenue was down 13.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.36 EPS. Sell-side analysts expect that United States Steel Co. will post 2.17 EPS for the current fiscal year.

United States Steel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Monday, November 11th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend was Friday, November 8th. 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.