Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in United States Steel Co. (NYSE:X) by 20.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,479 shares of the basic materials company’s stock after selling 6,593 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in United States Steel were worth $654,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Regal Investment Advisors LLC raised its position in shares of United States Steel by 29.2% during the 2nd quarter. Regal Investment Advisors LLC now owns 24,168 shares of the basic materials company’s stock valued at $535,000 after acquiring an additional 5,460 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of United States Steel by 150.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 56,881 shares of the basic materials company’s stock valued at $1,259,000 after acquiring an additional 34,209 shares during the last quarter. California State Teachers Retirement System raised its position in shares of United States Steel by 1.9% during the 2nd quarter. California State Teachers Retirement System now owns 321,357 shares of the basic materials company’s stock valued at $7,114,000 after acquiring an additional 6,028 shares during the last quarter. Stifel Financial Corp raised its position in shares of United States Steel by 304.0% during the 2nd quarter. Stifel Financial Corp now owns 159,801 shares of the basic materials company’s stock valued at $3,531,000 after acquiring an additional 120,248 shares during the last quarter. Finally, Balyasny Asset Management LLC grew its holdings in shares of United States Steel by 1,032.0% in the 2nd quarter. Balyasny Asset Management LLC now owns 115,034 shares of the basic materials company’s stock valued at $2,547,000 after buying an additional 104,872 shares during the period. Hedge funds and other institutional investors own 64.27% of the company’s stock.

Shares of United States Steel Co. (NYSE X) traded up $1.38 during midday trading on Friday, reaching $33.23. 11,895,050 shares of the company were exchanged, compared to its average volume of 9,013,286. The firm has a market cap of $5,573.58, a price-to-earnings ratio of 22.27 and a beta of 3.00. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.23 and a current ratio of 1.89. United States Steel Co. has a 12-month low of $18.55 and a 12-month high of $41.83.

United States Steel (NYSE:X) last announced its earnings results on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.25. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.07 billion. United States Steel had a net margin of 1.05% and a return on equity of 10.27%. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 EPS. analysts expect that United States Steel Co. will post 1.81 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 10th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date was Thursday, November 9th. United States Steel’s payout ratio is presently 29.85%.

In related news, Director Eugene Sperling bought 1,000 shares of United States Steel stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average cost of $25.16 per share, with a total value of $25,160.00. Following the purchase, the director now owns 3,009 shares in the company, valued at $75,706.44. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Colleen M. Darragh sold 9,700 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $30.00, for a total transaction of $291,000.00. Following the completion of the transaction, the vice president now directly owns 19,136 shares of the company’s stock, valued at $574,080. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,355 shares of company stock valued at $804,830. Company insiders own 1.00% of the company’s stock.

Several brokerages have recently issued reports on X. ValuEngine raised shares of United States Steel from a “hold” rating to a “buy” rating in a report on Thursday. KeyCorp reissued a “hold” rating on shares of United States Steel in a report on Friday, November 17th. BMO Capital Markets boosted their price target on shares of United States Steel from $29.00 to $33.00 and gave the company a “market perform” rating in a report on Thursday, November 2nd. Cowen raised shares of United States Steel from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $20.00 to $28.00 in a report on Thursday, November 2nd. Finally, Bank of America set a $32.00 price target on shares of United States Steel and gave the company a “buy” rating in a report on Friday, October 20th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. United States Steel currently has a consensus rating of “Hold” and a consensus price target of $29.34.

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United States Steel 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).

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

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