HL Financial Services LLC bought a new stake in United States Steel Corporation (NYSE:X) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 30,070 shares of the basic materials company’s stock, valued at approximately $666,000.

Several other hedge funds and other institutional investors have also made changes to their positions in X. Vanguard Group Inc. boosted its stake in shares of 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 during the last quarter. BlackRock Inc. boosted its stake in shares of United States Steel Corporation by 12,021.7% in the first quarter. BlackRock Inc. now owns 14,279,755 shares of the basic materials company’s stock valued at $482,799,000 after buying an additional 14,161,952 shares during the last quarter. State Street Corp boosted its stake in shares of United States Steel Corporation by 0.5% in the first quarter. State Street Corp now owns 5,547,843 shares of the basic materials company’s stock valued at $187,574,000 after buying an additional 27,483 shares during the last quarter. Morgan Stanley boosted its stake in shares of 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 during the last quarter. Finally, Teachers Advisors LLC boosted its stake in shares of United States Steel Corporation by 8.6% in the first quarter. Teachers Advisors LLC now owns 1,817,328 shares of the basic materials company’s stock valued at $61,444,000 after buying an additional 143,268 shares during the last quarter. 69.08% of the stock is owned by institutional investors and hedge funds.

United States Steel Corporation (X) opened at 23.16 on Friday. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 146.58 and a beta of 2.88. The company’s 50-day moving average price is $23.18 and its 200 day moving average price is $27.83. United States Steel Corporation has a 1-year low of $15.72 and a 1-year 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 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the previous year, the business earned ($0.32) earnings per share. The firm’s quarterly revenue was up 21.7% compared to the same quarter last year. On average, equities analysts expect that United States Steel Corporation will post $1.75 earnings per share 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 given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Monday, August 7th. United States Steel Corporation’s dividend payout ratio (DPR) is presently 125.00%.

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Several analysts recently commented on X shares. Longbow Research cut United States Steel Corporation from a “buy” rating to a “neutral” rating in a research report on Thursday, July 27th. Argus upped their target price on United States Steel Corporation to $1.48 and gave the company a “buy” rating in a report on Friday, July 28th. Cowen and Company cut United States Steel Corporation from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $60.00 to $21.00 in a report on Wednesday, May 10th. Macquarie upgraded United States Steel Corporation from an “underperform” rating to a “neutral” rating and upped their target price for the company from $23.00 to $30.00 in a report on Monday, April 24th. Finally, J P Morgan Chase & Co restated an “overweight” rating on shares of United States Steel Corporation in a report on Wednesday, June 7th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $27.36.

In other news, Director Paul Anthony Mascarenas purchased 1,500 shares of the stock in a transaction on Thursday, May 18th. The stock was purchased at an average price of $19.31 per share, with a total value of $28,965.00. Following the completion of the transaction, the director now owns 12,377 shares in the company, valued at $238,999.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen J. Girsky purchased 2,500 shares of the stock in a transaction on Tuesday, May 16th. The shares were purchased at an average cost of $19.94 per share, with a total value of $49,850.00. Following the transaction, the director now owns 21,872 shares of the company’s stock, valued at approximately $436,127.68. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by insiders.

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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