WFG Advisors LP boosted its stake in shares of United States Steel Corporation (NYSE:X) by 84.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,400 shares of the basic materials company’s stock after buying an additional 9,333 shares during the quarter. WFG Advisors LP’s holdings in United States Steel Corporation were worth $452,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Advisor Group Inc. lifted its holdings in United States Steel Corporation by 3.2% during the second quarter. Advisor Group Inc. now owns 9,834 shares of the basic materials company’s stock valued at $218,000 after purchasing an additional 308 shares during the last quarter. Capstone Asset Management Co. lifted its holdings in United States Steel Corporation by 3.6% during the second quarter. Capstone Asset Management Co. now owns 15,371 shares of the basic materials company’s stock valued at $340,000 after purchasing an additional 540 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in United States Steel Corporation by 1.9% during the second quarter. Public Employees Retirement Association of Colorado now owns 32,591 shares of the basic materials company’s stock valued at $722,000 after purchasing an additional 606 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in United States Steel Corporation by 10.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the basic materials company’s stock valued at $154,000 after purchasing an additional 674 shares during the last quarter. Finally, Amalgamated Bank lifted its holdings in United States Steel Corporation by 3.0% during the first quarter. Amalgamated Bank now owns 24,674 shares of the basic materials company’s stock valued at $834,000 after purchasing an additional 729 shares during the last quarter. Institutional investors own 63.98% of the company’s stock.

Shares of United States Steel Corporation (X) traded up 0.619% during midday trading on Tuesday, reaching $26.835. 3,246,919 shares of the company were exchanged. The company has a 50 day moving average price of $25.93 and a 200-day moving average price of $24.37. The stock has a market capitalization of $4.69 billion, a P/E ratio of 169.842 and a beta of 2.89. United States Steel Corporation has a 12-month low of $16.50 and a 12-month high of $41.83.

United States Steel Corporation (NYSE:X) last posted its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.66. United States Steel Corporation had a return on equity of 6.50% and a net margin of 0.24%. The company had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same period in the previous year, the firm earned ($0.32) EPS. The firm’s revenue was up 21.7% compared to the same quarter last year. On average, analysts forecast that United States Steel Corporation will post $1.64 earnings per share for the current fiscal year.

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

X has been the topic of several recent research reports. Longbow Research downgraded shares of United States Steel Corporation from a “buy” rating to a “neutral” rating in a report on Thursday, July 27th. Argus upped their price objective on shares of United States Steel Corporation to $1.48 and gave the company a “buy” rating in a report on Friday, July 28th. Cowen and Company upped their price objective on shares of United States Steel Corporation from $21.00 to $24.00 and gave the company a “market perform” rating in a report on Thursday, July 27th. Macquarie initiated coverage on shares of United States Steel Corporation in a report on Wednesday, September 6th. They set an “outperform” rating and a $31.00 price objective on the stock. Finally, Bank of America Corporation raised shares of United States Steel Corporation from a “neutral” rating to a “buy” rating and upped their price objective for the company from $29.00 to $31.00 in a report on Tuesday, September 5th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. United States Steel Corporation has a consensus rating of “Hold” and an average price target of $28.29.

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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).

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

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