NJ State Employees Deferred Compensation Plan purchased a new position in United States Steel Corporation (NYSE:X) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,000 shares of the basic materials company’s stock, valued at approximately $205,000.

Other institutional investors also recently bought and sold shares of the company. Enterprise Financial Services Corp purchased a new stake in shares of United States Steel Corporation in the 3rd quarter worth approximately $120,000. Global X Management Co. LLC grew its stake in shares of United States Steel Corporation by 221.0% in the 2nd quarter. Global X Management Co. LLC now owns 5,473 shares of the basic materials company’s stock worth $121,000 after buying an additional 3,768 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of United States Steel Corporation by 10.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the basic materials company’s stock worth $154,000 after buying an additional 674 shares during the last quarter. Sigma Planning Corp grew its stake in shares of United States Steel Corporation by 21.3% in the 2nd quarter. Sigma Planning Corp now owns 9,662 shares of the basic materials company’s stock worth $214,000 after buying an additional 1,696 shares during the last quarter. Finally, Advisor Group Inc. boosted its stake in United States Steel Corporation by 3.2% during the 2nd quarter. Advisor Group Inc. now owns 9,834 shares of the basic materials company’s stock valued at $218,000 after purchasing an additional 308 shares during the last quarter. Institutional investors own 63.77% of the company’s stock.

Several brokerages have commented on X. Standpoint Research downgraded United States Steel Corporation from a “buy” rating to a “reduce” rating in a research note on Tuesday, September 5th. BidaskClub upgraded United States Steel Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. BMO Capital Markets increased their target price on United States Steel Corporation from $29.00 to $33.00 and gave the company a “market perform” rating in a research note on Thursday. Axiom Securities reiterated a “sell” rating on shares of United States Steel Corporation in a research note on Thursday, July 13th. Finally, Cowen and Company upgraded United States Steel Corporation from an “underperform” rating to a “market perform” rating and increased their target price for the company from $20.00 to $28.00 in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $29.34.

In other United States Steel Corporation news, CFO Kevin Bradley purchased 22,835 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was acquired at an average price of $27.62 per share, for a total transaction of $630,702.70. Following the purchase, the chief financial officer now owns 30,415 shares of the company’s stock, valued at approximately $840,062.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eugene Sperling purchased 1,000 shares of the business’s stock in a transaction on Friday, September 15th. The stock was acquired at an average price of $25.16 per share, with a total value of $25,160.00. Following the purchase, the director now directly owns 3,009 shares in the company, valued at approximately $75,706.44. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 64,597 shares of company stock worth $1,764,452. 1.00% of the stock is owned by insiders.

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United States Steel Corporation (NYSE:X) opened at $27.04 on Friday. United States Steel Corporation has a twelve month low of $18.55 and a twelve month high of $41.83. The company has a market capitalization of $4,731.84, a price-to-earnings ratio of 18.91 and a beta of 2.96. The company has a quick ratio of 1.09, a current ratio of 1.89 and a debt-to-equity ratio of 1.03.

United States Steel Corporation (NYSE:X) last announced its earnings results on Tuesday, October 31st. The basic materials company reported $0.92 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.25. United States Steel Corporation had a return on equity of 10.27% and a net margin of 1.05%. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same period last year, the firm earned $0.40 EPS. United States Steel Corporation’s revenue for the quarter was up 20.9% compared to the same quarter last year. analysts anticipate that United States Steel Corporation will post 1.79 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 10th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.20 dividend on an annualized basis and a yield of 0.74%. United States Steel Corporation’s dividend payout ratio is currently 29.85%.

About United States Steel Corporation

United States Steel Corporation is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular).

Institutional Ownership by Quarter for United States Steel Corporation (NYSE:X)

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