Gallagher Fiduciary Advisors LLC held its position in United States Steel Corporation (NYSE:X) during the second quarter, Holdings Channel reports. The fund owned 3,763,643 shares of the basic materials company’s stock at the end of the second quarter. United States Steel Corporation makes up about 35.2% of Gallagher Fiduciary Advisors LLC’s holdings, making the stock its 2nd largest position. Gallagher Fiduciary Advisors LLC’s holdings in United States Steel Corporation were worth $83,327,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of X. Northwestern Mutual Wealth Management Co. increased its position in shares of United States Steel Corporation by 1,971.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,315 shares of the basic materials company’s stock worth $112,000 after buying an additional 3,155 shares during the period. Global X Management Co. LLC increased its position in shares of United States Steel Corporation by 221.0% in the second 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 period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of United States Steel Corporation by 10.7% in the second 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 period. Dynamic Technology Lab Private Ltd purchased a new position in shares of United States Steel Corporation during the first quarter worth approximately $209,000. Finally, Acrospire Investment Management LLC increased its position in shares of United States Steel Corporation by 241.1% in the first quarter. Acrospire Investment Management LLC now owns 6,212 shares of the basic materials company’s stock worth $210,000 after buying an additional 4,391 shares during the period. 69.00% of the stock is currently owned by hedge funds and other institutional investors.

United States Steel Corporation (X) traded up 2.679% on Tuesday, reaching $23.955. 1,984,296 shares of the company’s stock traded hands. The firm has a market capitalization of $4.19 billion, a P/E ratio of 151.614 and a beta of 2.88. United States Steel Corporation has a 52 week low of $15.72 and a 52 week high of $41.83. The stock has a 50-day moving average of $23.21 and a 200 day moving average of $27.69.

United States Steel Corporation (NYSE:X) last posted its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.66. The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $2.98 billion. United States Steel Corporation had a net margin of 0.24% and a return on equity of 6.50%. The business’s quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.32) earnings per share. On average, equities analysts expect that United States Steel Corporation will post $1.76 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Wednesday, August 9th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Monday, August 7th. United States Steel Corporation’s payout ratio is currently 125.00%.

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A number of equities analysts have commented on the stock. Credit Suisse Group raised shares of United States Steel Corporation from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $13.68 to $30.00 in a research note on Wednesday, May 24th. Deutsche Bank AG raised shares of United States Steel Corporation from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Friday, June 23rd. BidaskClub raised shares of United States Steel Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Cowen and Company set a $21.00 target price on shares of United States Steel Corporation and gave the stock a “hold” rating in a research note on Thursday, June 15th. Finally, Barclays PLC reduced their target price on shares of United States Steel Corporation from $34.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 4th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. United States Steel Corporation has an average rating of “Hold” and a consensus target price of $27.36.

In related news, Director Paul Anthony Mascarenas purchased 1,500 shares of the firm’s stock in a transaction dated Thursday, May 18th. The stock was acquired at an average price of $19.31 per share, with a total value of $28,965.00. Following the completion of the transaction, the director now owns 12,377 shares of the company’s stock, valued at $238,999.87. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.

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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