Meridian Investment Counsel Inc. continued to hold its stake in shares of United States Steel Corporation (NYSE:X) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,130 shares of the basic materials company’s stock at the close of the second quarter. Meridian Investment Counsel Inc.’s holdings in United States Steel Corporation were worth $800,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Tudor Investment Corp ET AL grew its stake in shares of United States Steel Corporation by 160.8% in the 1st quarter. Tudor Investment Corp ET AL now owns 30,407 shares of the basic materials company’s stock worth $1,028,000 after buying an additional 80,407 shares during the last quarter. Scopus Asset Management L.P. grew its stake in shares of United States Steel Corporation by 203.3% in the 1st quarter. Scopus Asset Management L.P. now owns 206,600 shares of the basic materials company’s stock worth $6,985,000 after buying an additional 406,600 shares during the last quarter. BlackRock Inc. grew its stake in shares of United States Steel Corporation by 12,021.7% in the 1st quarter. BlackRock Inc. now owns 14,279,755 shares of the basic materials company’s stock worth $482,799,000 after buying an additional 14,161,952 shares during the last quarter. Regal Investment Advisors LLC grew its stake in shares of United States Steel Corporation by 29.2% in the 2nd quarter. Regal Investment Advisors LLC now owns 24,168 shares of the basic materials company’s stock worth $535,000 after buying an additional 5,460 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of United States Steel Corporation by 150.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 56,881 shares of the basic materials company’s stock worth $1,259,000 after buying an additional 34,209 shares during the last quarter. 63.81% of the stock is owned by hedge funds and other institutional investors.

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In related news, Director Eugene Sperling acquired 1,000 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were purchased at an average cost of $25.16 per share, with a total value of $25,160.00. Following the completion of the acquisition, the director now directly owns 3,009 shares of the company’s stock, valued at $75,706.44. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kevin Bradley acquired 36,762 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were bought at an average cost of $27.23 per share, for a total transaction of $1,001,029.26. Following the completion of the acquisition, the chief financial officer now directly owns 30,415 shares of the company’s stock, valued at $828,200.45. The disclosure for this purchase can be found here. Insiders have bought 64,597 shares of company stock worth $1,764,452 over the last three months. Corporate insiders own 1.00% of the company’s stock.

X has been the topic of several recent research reports. Longbow Research downgraded United States Steel Corporation from a “buy” rating to a “neutral” rating in a research note on Thursday, July 27th. Argus upped their price target on United States Steel Corporation to $1.48 and gave the stock a “buy” rating in a research note on Friday, July 28th. J P Morgan Chase & Co restated an “overweight” rating on shares of United States Steel Corporation in a research note on Wednesday, June 7th. Cowen and Company upped their price target on United States Steel Corporation from $21.00 to $24.00 and gave the stock a “market perform” rating in a research note on Thursday, July 27th. Finally, Citigroup Inc. upgraded United States Steel Corporation to a “hold” rating in a research note on Tuesday, June 13th. Five 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. United States Steel Corporation currently has an average rating of “Hold” and a consensus target price of $28.29.

United States Steel Corporation (NYSE X) traded up 0.86% during trading on Friday, hitting $25.66. The stock had a trading volume of 8,395,418 shares. United States Steel Corporation has a 12 month low of $16.17 and a 12 month high of $41.83. The firm has a 50 day moving average of $25.03 and a 200-day moving average of $25.65. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 162.41 and a beta of 2.88.

United States Steel Corporation (NYSE:X) last announced its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.66. The firm 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% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.32) earnings per share. Equities analysts predict that United States Steel Corporation will post $1.75 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Wednesday, August 9th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date was Monday, August 7th. United States Steel Corporation’s dividend payout ratio (DPR) is presently 125.00%.

United States Steel Corporation 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).

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

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