Odey Asset Management Group Ltd bought a new stake in United States Steel Corporation (NYSE:X) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 225,000 shares of the basic materials company’s stock, valued at approximately $4,982,000. United States Steel Corporation makes up approximately 0.5% of Odey Asset Management Group Ltd’s investment portfolio, making the stock its 25th largest holding. Odey Asset Management Group Ltd owned about 0.13% of United States Steel Corporation as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of X. Advisor Group Inc. grew its holdings in shares of United States Steel Corporation by 3.2% in the 2nd quarter. Advisor Group Inc. now owns 9,834 shares of the basic materials company’s stock worth $218,000 after purchasing an additional 308 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of United States Steel Corporation by 3.6% during the 2nd quarter. Capstone Asset Management Co. now owns 15,371 shares of the basic materials company’s stock worth $340,000 after purchasing an additional 540 shares in the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of United States Steel Corporation by 1.9% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 32,591 shares of the basic materials company’s stock worth $722,000 after purchasing an additional 606 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of United States Steel Corporation by 10.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the basic materials company’s stock worth $154,000 after purchasing an additional 674 shares in the last quarter. Finally, Amalgamated Bank increased its position in shares of United States Steel Corporation by 3.0% during the 1st quarter. Amalgamated Bank now owns 24,674 shares of the basic materials company’s stock worth $834,000 after purchasing an additional 729 shares in the last quarter. Institutional investors own 63.95% of the company’s stock.

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In other United States Steel Corporation news, Director Murry Gerber purchased 4,000 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were bought at an average price of $26.89 per share, for a total transaction of $107,560.00. Following the completion of the acquisition, the director now owns 168,457 shares in the company, valued at $4,529,808.73. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevin Bradley purchased 22,835 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were acquired at an average price of $27.62 per share, for a total transaction of $630,702.70. Following the acquisition, the chief financial officer now owns 30,415 shares of the company’s stock, valued at approximately $840,062.30. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 64,597 shares of company stock valued at $1,764,452. Corporate insiders own 1.00% of the company’s stock.

Several analysts have weighed in on the stock. Barclays PLC reaffirmed an “equal weight” rating and set 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 cut shares of United States Steel Corporation from a “buy” rating to a “neutral” rating in a research note on Thursday, July 27th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $51.00 target price on shares of United States Steel Corporation in a research note on Thursday, July 27th. Cowen and Company boosted their target price on United States Steel Corporation from $21.00 to $24.00 and gave the stock a “market perform” rating in a report on Thursday, July 27th. Finally, Jefferies Group LLC reissued a “buy” rating on shares of United States Steel Corporation in a report on Monday, September 18th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $28.29.

United States Steel Corporation (NYSE:X) traded up 2.30% on Monday, hitting $26.25. The stock had a trading volume of 6,286,806 shares. The company has a 50 day moving average of $25.03 and a 200 day moving average of $25.65. United States Steel Corporation has a 12-month low of $16.17 and a 12-month high of $41.83. The company has a market capitalization of $4.59 billion, a PE ratio of 166.14 and a beta of 2.89.

United States Steel Corporation (NYSE:X) last posted its earnings results on Tuesday, July 25th. The basic materials company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.41 by $0.66. United States Steel Corporation had a net margin of 0.24% and a return on equity of 6.50%. The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period last year, the company earned ($0.32) EPS. The firm’s 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 year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Wednesday, August 9th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.78%. The ex-dividend date was Monday, August 7th. United States Steel Corporation’s dividend payout ratio (DPR) is currently 125.00%.

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).

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

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