SeaCrest Wealth Management LLC Sells 931 Shares of United States Steel Co. (NYSE:X)

SeaCrest Wealth Management LLC reduced its position in shares of United States Steel Co. (NYSE:X) by 4.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,125 shares of the basic materials company’s stock after selling 931 shares during the period. SeaCrest Wealth Management LLC’s holdings in United States Steel were worth $1,070,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. D.A. Davidson & CO. raised its position in shares of United States Steel by 0.9% during the 3rd quarter. D.A. Davidson & CO. now owns 32,770 shares of the basic materials company’s stock valued at $1,064,000 after buying an additional 307 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of United States Steel by 4.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,969 shares of the basic materials company’s stock worth $356,000 after acquiring an additional 444 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of United States Steel by 60.8% during the 3rd quarter. Fifth Third Bancorp now owns 1,270 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 480 shares during the last quarter. Captrust Financial Advisors lifted its stake in United States Steel by 1.5% in the second quarter. Captrust Financial Advisors now owns 35,254 shares of the basic materials company’s stock worth $631,000 after purchasing an additional 514 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of United States Steel by 24.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,015 shares of the basic materials company’s stock valued at $76,000 after buying an additional 592 shares during the last quarter. Institutional investors own 81.92% of the company’s stock.

United States Steel Stock Down 0.6 %

X traded down $0.24 on Friday, hitting $40.78. The company had a trading volume of 2,508,645 shares, compared to its average volume of 6,402,978. United States Steel Co. has a 52-week low of $20.40 and a 52-week high of $50.20. The stock has a fifty day simple moving average of $45.26 and a 200-day simple moving average of $40.12. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.76 and a quick ratio of 1.22. The firm has a market capitalization of $9.17 billion, a P/E ratio of 11.61 and a beta of 2.02.

United States Steel (NYSE:X) last announced its quarterly earnings data on Friday, February 2nd. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.46. The business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $3.73 billion. United States Steel had a return on equity of 10.80% and a net margin of 4.96%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.87 earnings per share. As a group, equities analysts expect that United States Steel Co. will post 3.23 EPS for the current fiscal year.

United States Steel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Monday, February 12th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.49%. The ex-dividend date was Friday, February 9th. United States Steel’s dividend payout ratio (DPR) is currently 5.70%.

Wall Street Analysts Forecast Growth

X has been the topic of several recent research reports. StockNews.com assumed coverage on United States Steel in a research report on Thursday. They set a “hold” rating on the stock. BMO Capital Markets lowered their price target on shares of United States Steel from $55.00 to $45.00 and set a “market perform” rating for the company in a report on Tuesday, March 19th. JPMorgan Chase & Co. began coverage on shares of United States Steel in a research report on Friday, January 12th. They set a “neutral” rating and a $52.00 price target for the company. Finally, Morgan Stanley downgraded shares of United States Steel from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $40.00 to $51.00 in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $34.89.

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.