Regal Investment Advisors LLC raised its position in United States Steel Corporation (NYSE:X) by 29.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,168 shares of the basic materials company’s stock after buying an additional 5,460 shares during the quarter. Regal Investment Advisors LLC’s holdings in United States Steel Corporation were worth $535,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of X. Northwestern Mutual Wealth Management Co. boosted its stake in United States Steel Corporation by 1,971.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,315 shares of the basic materials company’s stock valued at $112,000 after buying an additional 3,155 shares in the last quarter. Global X Management Co. LLC boosted its stake in United States Steel Corporation by 221.0% in the second quarter. Global X Management Co. LLC now owns 5,473 shares of the basic materials company’s stock valued at $121,000 after buying an additional 3,768 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in United States Steel Corporation by 10.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the basic materials company’s stock valued at $154,000 after buying an additional 674 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in United States Steel Corporation in the first quarter valued at about $209,000. Finally, Sigma Planning Corp boosted its stake in United States Steel Corporation by 21.3% in the second quarter. Sigma Planning Corp now owns 9,662 shares of the basic materials company’s stock valued at $214,000 after buying an additional 1,696 shares in the last quarter. 63.37% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently weighed in on the company. Barclays PLC reaffirmed an “equal weight” rating and issued a $25.00 price objective (up from $24.00) on shares of United States Steel Corporation in a research note on Wednesday, August 9th. Longbow Research lowered United States Steel Corporation from a “buy” rating to a “neutral” rating in a research note on Thursday, July 27th. BMO Capital Markets reiterated a “market perform” rating on shares of United States Steel Corporation in a research report on Friday. Standpoint Research downgraded United States Steel Corporation from a “buy” rating to a “reduce” rating in a research report on Tuesday, September 5th. Finally, Cowen and Company reiterated a “hold” rating and issued a $24.00 target price on shares of United States Steel Corporation in a research report on Friday, September 1st. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $28.40.

Shares of United States Steel Corporation (NYSE:X) traded up 0.89% during mid-day trading on Monday, hitting $27.20. The company’s stock had a trading volume of 3,085,020 shares. The stock’s 50 day moving average price is $24.70 and its 200 day moving average price is $26.26. United States Steel Corporation has a 52-week low of $15.72 and a 52-week high of $41.83. The company has a market cap of $4.76 billion, a price-to-earnings ratio of 172.15 and a beta of 2.88.

United States Steel Corporation (NYSE:X) last announced its 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 last year, the firm earned ($0.32) EPS. United States Steel Corporation’s revenue for the quarter was up 21.7% compared to the same quarter last year. Equities analysts forecast that United States Steel Corporation will post $1.74 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Wednesday, August 9th were issued a $0.05 dividend. The ex-dividend date was Monday, August 7th. This represents a $0.20 dividend on an annualized basis and a yield of 0.74%. United States Steel Corporation’s dividend payout ratio is currently 125.00%.

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In related news, Director Murry Gerber bought 4,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were bought at an average cost of $26.89 per share, with a total value of $107,560.00. Following the acquisition, the director now owns 168,457 shares in the company, valued at $4,529,808.73. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kevin Bradley bought 22,835 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was bought at an average cost of $27.62 per share, for a total transaction of $630,702.70. Following the completion of the acquisition, the chief financial officer now owns 30,415 shares in the company, valued at approximately $840,062.30. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 63,597 shares of company stock worth $1,739,292. 1.00% of the stock is owned by insiders.

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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