On February 10, 2023, GLJ Research downgraded their outlook for United States Steel Corporation (NYSE:X) from Buy to Sell.
Analyst Price Forecast Suggests 5.51% Upside
As of February 10, 2023, the average one-year price target for United States Steel is $29.65. The forecasts range from a low of $18.18 to a high of $44.89. The average price target represents an increase of 5.51% from its latest reported closing price of $28.10.
Q4 2022 hedge fund letters, conferences and more
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The projected annual revenue for United States Steel is $15,565MM, a decrease of 26.11%. The projected annual EPS is $2.19, a decrease of 78.54%.
United States Steel Declares $0.05 Dividend
On February 2, 2023 the company declared a regular quarterly dividend of $0.05 per share ($0.20 annualized). Shareholders of record as of February 10, 2023 will receive the payment on March 14, 2023. Previously, the company paid $0.05 per share.
At the current share price of $28.10 / share, the stock's dividend yield is 0.71%. Looking back five years and taking a sample every week, the average dividend yield has been 0.75%, the lowest has been 0.14%, and the highest has been 2.20%. The standard deviation of yields is 0.45 (n=237).
The current dividend yield is 0.08 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.02. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 4.00%, demonstrating that it has increased its dividend over time.
Soroban Capital Partners holds 11,000K shares representing 4.85% ownership of the company. In it's prior filing, the firm reported owning 11,684K shares, representing a decrease of 6.22%. The firm increased its portfolio allocation in X by 19.37% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 6,932K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 7,471K shares, representing a decrease of 7.78%. The firm decreased its portfolio allocation in X by 5.66% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 6,360K shares representing 2.81% ownership of the company. In it's prior filing, the firm reported owning 6,904K shares, representing a decrease of 8.56%. The firm decreased its portfolio allocation in X by 2.85% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 5,420K shares representing 2.39% ownership of the company. In it's prior filing, the firm reported owning 5,921K shares, representing a decrease of 9.24%. The firm decreased its portfolio allocation in X by 3.42% over the last quarter.
COWZ - Pacer US Cash Cows 100 ETF holds 5,096K shares representing 2.25% ownership of the company. In it's prior filing, the firm reported owning 5,375K shares, representing a decrease of 5.48%. The firm decreased its portfolio allocation in X by 37.91% over the last quarter.
What is the Fund Sentiment?
There are 826 funds or institutions reporting positions in United States Steel. This is a decrease of 20 owner(s) or 2.36% in the last quarter. Average portfolio weight of all funds dedicated to X is 0.18%, a decrease of 7.62%. Total shares owned by institutions decreased in the last three months by 3.77% to 195,904K shares. The put/call ratio of X is 1.50, indicating a bearish outlook.
United States Steel Background Information
(This description is provided by the company.)
Founded in 1901, the United States Steel Corporation is a Fortune 250 company and leading integrated steel producer. With extensive iron ore production and an annual raw steelmaking capability of 26.2 million net tons, U. S. Steel produces high value-added steel products for the automotive, infrastructure, appliance, container, and energy industries.
The company's Best of BothSM integrated and mini-mill technology strategy is advancing a more secure, sustainable future for U. S. Steel and its stakeholders.
With renewed emphasis on innovation and customer focus, the company produces cutting-edge products such as U. S. Steel's proprietary XG3™ advanced high-strength steel. U. S. Steel is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe.
Article by Fintel
