State of Tennessee Treasury Department continued to hold its position in United States Steel Corporation (NYSE:X) during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 20,000 shares of the basic materials company’s stock at the end of the 2nd quarter. State of Tennessee Treasury Department’s holdings in United States Steel Corporation were worth $443,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in X. Global X Management Co. LLC boosted 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 valued at $121,000 after acquiring an additional 3,768 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake 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 acquiring an additional 674 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of United States Steel Corporation in the first quarter worth $209,000. Sigma Planning Corp grew its stake in shares of United States Steel Corporation by 21.3% in the second 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. acquired a new stake in shares of United States Steel Corporation in the second quarter worth $221,000. Institutional investors own 63.81% of the company’s stock.

In other United States Steel Corporation news, CFO Kevin Bradley bought 22,835 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was purchased at an average cost of $27.62 per share, for a total transaction of $630,702.70. Following the completion of the purchase, the chief financial officer now directly owns 30,415 shares of the company’s stock, valued at $840,062.30. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Eugene Sperling bought 1,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were acquired at an average price of $25.16 per share, with a total value of $25,160.00. Following the completion of the purchase, the director now directly owns 3,009 shares of the company’s stock, valued at $75,706.44. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 64,597 shares of company stock worth $1,764,452. Insiders own 1.00% of the company’s stock.

Several equities analysts recently commented on the stock. Barclays PLC reiterated an “equal weight” rating and set a $25.00 target price (up from $24.00) on shares of United States Steel Corporation in a research note on Wednesday, August 9th. Longbow Research lowered shares of United States Steel Corporation from a “buy” rating to a “neutral” rating in a research report on Thursday, July 27th. J P Morgan Chase & Co restated an “overweight” rating and issued a $51.00 price target on shares of United States Steel Corporation in a research report on Thursday, July 27th. Jefferies Group LLC restated a “buy” rating on shares of United States Steel Corporation in a report on Monday, September 18th. Finally, Cowen and Company boosted their price objective on shares of United States Steel Corporation from $21.00 to $24.00 and gave the stock a “market perform” rating in a report on Thursday, July 27th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.29.

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Shares of United States Steel Corporation (X) opened at 25.66 on Monday. The company has a market capitalization of $4.49 billion, a PE ratio of 162.41 and a beta of 2.88. The firm’s 50-day moving average is $25.03 and its 200 day moving average is $25.65. United States Steel Corporation has a 52 week low of $16.17 and a 52 week high of $41.83.

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 for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.66. The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $2.98 billion. United States Steel Corporation had a net margin of 0.24% and a return on equity of 6.50%. United States Steel Corporation’s revenue was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.32) earnings per share. On average, analysts anticipate that United States Steel Corporation will post $1.75 earnings per share for the current fiscal year.

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

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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