Vetr downgraded shares of United States Steel Corp. (NYSE:X) from a strong-buy rating to a buy rating in a research report released on Tuesday morning. Vetr currently has $23.28 price objective on the stock.

Several other research firms have also recently weighed in on X. Barclays PLC restated an equal weight rating and issued a $16.00 price objective (up previously from $15.00) on shares of United States Steel Corp. in a research report on Tuesday, July 12th. Credit Suisse Group AG set a $29.00 price objective on shares of United States Steel Corp. and gave the stock a buy rating in a research report on Wednesday, July 27th. Bank of America Corp. cut shares of United States Steel Corp. from a neutral rating to an underperform rating and set a $21.00 price objective for the company. in a research report on Thursday, July 28th. Argus upgraded shares of United States Steel Corp. from a hold rating to a buy rating and boosted their price objective for the stock from $25.49 to $30.00 in a research report on Thursday, July 28th. Finally, Credit Agricole SA restated a sell rating and issued a $17.00 price objective (up previously from $10.00) on shares of United States Steel Corp. in a research report on Thursday, July 28th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $20.23.

Shares of United States Steel Corp. (NYSE:X) opened at 24.66 on Tuesday. The company’s market capitalization is $4.25 billion. United States Steel Corp. has a 1-year low of $6.15 and a 1-year high of $27.64. The stock’s 50 day moving average price is $19.02 and its 200 day moving average price is $18.85.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Friday, November 11th will be given a $0.05 dividend. The ex-dividend date is Tuesday, November 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.81%. United States Steel Corp.’s dividend payout ratio is currently -2.19%.

A number of hedge funds have recently modified their holdings of X. Adage Capital Partners GP L.L.C. bought a new stake in shares of United States Steel Corp. during the first quarter worth $41,730,000. Arlington Capital Management Inc. raised its position in shares of United States Steel Corp. by 10.0% in the second quarter. Arlington Capital Management Inc. now owns 635,835 shares of the company’s stock worth $10,720,000 after buying an additional 57,553 shares during the period. State Street Corp raised its position in shares of United States Steel Corp. by 4.7% in the first quarter. State Street Corp now owns 5,447,397 shares of the company’s stock worth $87,431,000 after buying an additional 244,875 shares during the period. BlackRock Group LTD raised its position in shares of United States Steel Corp. by 38.3% in the first quarter. BlackRock Group LTD now owns 153,835 shares of the company’s stock worth $2,470,000 after buying an additional 42,600 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in shares of United States Steel Corp. by 47.0% in the first quarter. Canada Pension Plan Investment Board now owns 9,700 shares of the company’s stock worth $156,000 after buying an additional 3,100 shares during the period. Hedge funds and other institutional investors own 61.10% of the company’s stock.

United States Steel Corp. Company Profile

United States Steel Corporation (U. S. Steel) 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).

5 Day Chart for NYSE:X

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