Schwab Charles Investment Management Inc. raised its holdings in United States Steel Co. (NYSE:X) by 7.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 702,685 shares of the basic materials company’s stock after buying an additional 47,039 shares during the period. Schwab Charles Investment Management Inc. owned 0.40% of United States Steel worth $18,031,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of X. Advisor Group Inc. grew its position in shares of United States Steel by 3.2% in the 2nd quarter. Advisor Group Inc. now owns 9,834 shares of the basic materials company’s stock valued at $218,000 after acquiring an additional 308 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of United States Steel by 10.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the basic materials company’s stock valued at $154,000 after acquiring an additional 674 shares during the period. Ameritas Investment Partners Inc. grew its position in shares of United States Steel by 1.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 52,267 shares of the basic materials company’s stock valued at $1,157,000 after acquiring an additional 889 shares during the period. Flinton Capital Management LLC grew its position in shares of United States Steel by 1.8% in the 2nd quarter. Flinton Capital Management LLC now owns 51,660 shares of the basic materials company’s stock valued at $1,144,000 after acquiring an additional 924 shares during the period. Finally, Riverhead Capital Management LLC grew its position in shares of United States Steel by 2.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 46,239 shares of the basic materials company’s stock valued at $1,024,000 after acquiring an additional 939 shares during the period. Hedge funds and other institutional investors own 64.22% of the company’s stock.

In related news, VP Colleen M. Darragh sold 9,700 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $30.00, for a total transaction of $291,000.00. Following the completion of the transaction, the vice president now directly owns 19,136 shares in the company, valued at approximately $574,080. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP David J. Rintoul sold 10,883 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $33.50, for a total transaction of $364,580.50. Following the transaction, the senior vice president now owns 61,279 shares of the company’s stock, valued at $2,052,846.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,708 shares of company stock valued at $1,349,921. 1.00% of the stock is owned by corporate insiders.

Shares of United States Steel Co. (X) opened at $34.37 on Thursday. The stock has a market cap of $5,850.07, a PE ratio of 23.38 and a beta of 3.00. The company has a quick ratio of 1.23, a current ratio of 1.89 and a debt-to-equity ratio of 1.03. United States Steel Co. has a twelve month low of $18.55 and a twelve month high of $41.83.

United States Steel (NYSE:X) last issued its earnings results on Tuesday, October 31st. The basic materials company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.67 by $0.25. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.07 billion. United States Steel had a net margin of 1.05% and a return on equity of 10.27%. The business’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 EPS. equities research analysts expect that United States Steel Co. will post 1.79 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 10th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Thursday, November 9th. United States Steel’s payout ratio is presently 29.85%.

X has been the subject of a number of analyst reports. Bank of America set a $32.00 price objective on shares of United States Steel and gave the company a “buy” rating in a research report on Friday, October 20th. Jefferies Group reissued a “buy” rating on shares of United States Steel in a research report on Monday, September 18th. BidaskClub raised shares of United States Steel from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. ValuEngine raised shares of United States Steel from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Finally, Longbow Research raised shares of United States Steel from a “neutral” rating to a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $29.61.

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United States Steel 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 (NYSE:X)

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