United States Steel Corporation (NYSE:X) was the target of a large drop in short interest in July. As of July 31st, there was short interest totalling 28,642,807 shares, a drop of 9.4% from the July 14th total of 31,628,804 shares. Based on an average trading volume of 20,938,192 shares, the short-interest ratio is currently 1.4 days. Approximately 16.6% of the company’s stock are short sold.

In other United States Steel Corporation news, Director Paul Anthony Mascarenas bought 1,500 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were acquired at an average price of $19.31 per share, with a total value of $28,965.00. Following 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 is accessible through this link. 1.00% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in United States Steel Corporation by 10.1% in the first quarter. Vanguard Group Inc. now owns 16,743,496 shares of the basic materials company’s stock valued at $566,096,000 after buying an additional 1,539,412 shares in the last quarter. BlackRock Inc. raised its stake in United States Steel Corporation by 0.4% in the second quarter. BlackRock Inc. now owns 14,343,698 shares of the basic materials company’s stock valued at $317,570,000 after buying an additional 63,943 shares in the last quarter. State Street Corp raised its stake in United States Steel Corporation by 6.2% in the second quarter. State Street Corp now owns 5,889,434 shares of the basic materials company’s stock valued at $130,394,000 after buying an additional 341,591 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in United States Steel Corporation by 7.9% in the second quarter. Dimensional Fund Advisors LP now owns 3,245,149 shares of the basic materials company’s stock valued at $71,851,000 after buying an additional 236,714 shares in the last quarter. Finally, Morgan Stanley raised its stake in United States Steel Corporation by 19.9% in the first quarter. Morgan Stanley now owns 3,090,213 shares of the basic materials company’s stock valued at $104,480,000 after buying an additional 512,075 shares in the last quarter. 69.00% of the stock is owned by hedge funds and other institutional investors.

Shares of United States Steel Corporation (NYSE X) opened at 23.71 on Wednesday. The stock has a market capitalization of $4.15 billion, a P/E ratio of 150.06 and a beta of 2.88. United States Steel Corporation has a 1-year low of $15.72 and a 1-year high of $41.83. The company has a 50 day moving average price of $23.26 and a 200-day moving average price of $27.61.

United States Steel Corporation (NYSE:X) last issued its quarterly earnings results 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 firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $2.98 billion. United States Steel Corporation had a return on equity of 6.50% and a net margin of 0.24%. The firm’s quarterly revenue was up 21.7% on a year-over-year basis. During the same period last year, the company posted ($0.32) EPS. On average, equities research analysts forecast that United States Steel Corporation will post $1.76 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Wednesday, August 9th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Monday, August 7th. United States Steel Corporation’s payout ratio is currently 125.00%.

Several equities research analysts have recently weighed in on the company. Barclays PLC reissued an “equal weight” rating and set a $25.00 target price (up previously from $24.00) on shares of United States Steel Corporation in a research report on Wednesday, August 9th. Longbow Research downgraded United States Steel Corporation from a “buy” rating to a “neutral” rating in a research note on Thursday, July 27th. Cowen and Company raised 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. J P Morgan Chase & Co restated an “overweight” rating and set a $51.00 price target on shares of United States Steel Corporation in a research note on Thursday, July 27th. Finally, Axiom Securities restated a “sell” rating and set a $14.00 price target on shares of United States Steel Corporation in a research note on Wednesday, June 14th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $27.36.

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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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