Aberdeen Asset Management PLC UK grew its holdings in shares of United States Steel Corporation (NYSE:X) by 94.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 23,381 shares of the basic materials company’s stock after purchasing an additional 11,335 shares during the period. Aberdeen Asset Management PLC UK’s holdings in United States Steel Corporation were worth $518,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Global X Management Co. LLC raised its holdings in 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 acquiring an additional 3,768 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in 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 acquiring an additional 674 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in United States Steel Corporation in the 1st quarter worth approximately $209,000. Sigma Planning Corp raised its holdings in 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 acquiring an additional 1,696 shares during the last quarter. Finally, Tocqueville Asset Management L.P. purchased a new position in United States Steel Corporation in the 2nd quarter worth approximately $221,000. Hedge funds and other institutional investors own 63.36% of the company’s stock.

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In other news, Director Eugene Sperling purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were bought at an average price of $25.16 per share, for a total transaction of $25,160.00. Following the completion of the transaction, the director now owns 3,009 shares in the company, valued at $75,706.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Murry Gerber purchased 4,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were purchased at an average price of $26.89 per share, for a total transaction of $107,560.00. Following the transaction, the director now owns 168,457 shares of the company’s stock, valued at approximately $4,529,808.73. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 64,597 shares of company stock worth $1,764,452. 1.00% of the stock is owned by company insiders.

United States Steel Corporation (NYSE:X) opened at 24.66 on Friday. United States Steel Corporation has a one year low of $16.17 and a one year high of $41.83. The company has a market cap of $4.31 billion, a P/E ratio of 156.08 and a beta of 2.88. The company has a 50-day moving average of $25.03 and a 200 day moving average of $25.65.

United States Steel Corporation (NYSE:X) last issued its earnings results on Tuesday, July 25th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.66. United States Steel Corporation had a net margin of 0.24% and a return on equity of 6.50%. The firm had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter last year, the company posted ($0.32) earnings per share. The firm’s revenue was up 21.7% compared to the same quarter last year. Analysts anticipate that United States Steel Corporation will post $1.76 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Wednesday, August 9th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, August 7th. This represents a $0.20 annualized dividend and a yield of 0.78%. United States Steel Corporation’s dividend payout ratio is presently 125.00%.

X has been the subject of a number of recent analyst reports. Bank of America Corporation upgraded shares of United States Steel Corporation from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $29.00 to $31.00 in a report on Tuesday, September 5th. Standpoint Research upgraded shares of United States Steel Corporation from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Wednesday, June 7th. They noted that the move was a valuation call. Argus boosted their price objective on shares of United States Steel Corporation to $1.48 and gave the stock a “buy” rating in a report on Friday, July 28th. J P Morgan Chase & Co reiterated an “overweight” rating on shares of United States Steel Corporation in a research note on Wednesday, June 7th. Finally, Longbow Research upgraded shares of United States Steel Corporation from a “neutral” rating to a “buy” rating in a research note on Monday, June 19th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. United States Steel Corporation presently has a consensus rating of “Hold” and an average price target of $28.52.

United States Steel Corporation Company Profile

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).

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

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