Shares of United States Steel Corp. (NYSE:X) fell 4.1% during trading on Tuesday . The stock traded as low as $20.55 and last traded at $20.82, with a volume of 8,917,096 shares. The stock had previously closed at $21.72.

A number of equities analysts have issued reports on the company. Rosenblatt Securities upgraded United States Steel Corp. from a “neutral” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Thursday, April 28th. Vetr downgraded United States Steel Corp. from a “sell” rating to a “strong sell” rating and set a $16.63 price target on the stock. in a research report on Monday, May 2nd. Jefferies Group reiterated a “sell” rating on shares of United States Steel Corp. in a research report on Sunday, June 12th. Argus reiterated a “hold” rating on shares of United States Steel Corp. in a research report on Monday, May 2nd. Finally, Credit Suisse Group AG upgraded United States Steel Corp. to an “outperform” rating and raised their target price for the company from $22.00 to $26.00 in a research report on Wednesday, June 8th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $14.86.

The company’s market capitalization is $2.99 billion. The stock’s 50-day moving average price is $17.87 and its 200-day moving average price is $14.08.

United States Steel Corp. (NYSE:X) last posted its earnings results on Tuesday, April 26th. The company reported ($2.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.23) by $0.92. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. The company earned $2.34 billion during the quarter, compared to analysts’ expectations of $2.51 billion. The business’s quarterly revenue was down 28.5% compared to the same quarter last year. Equities research analysts anticipate that United States Steel Corp. will post ($1.83) EPS for the current year.

In related news, Director Stephen J. Girsky bought 2,000 shares of United States Steel Corp. stock in a transaction that occurred on Thursday, May 5th. The shares were purchased at an average price of $18.94 per share, with a total value of $37,880.00. Following the purchase, the director now owns 2,000 shares in the company, valued at $37,880. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Several hedge funds and institutional investors have modified their holdings of the company. Hodges Capital Management Inc. raised its position in shares of United States Steel Corp. by 77.2% in the fourth quarter. Hodges Capital Management Inc. now owns 2,673,689 shares of the company’s stock worth $21,336,000 after buying an additional 1,164,668 shares in the last quarter. BBT Capital Management LLC acquired a new position in shares of United States Steel Corp. during the fourth quarter worth $2,873,000. First Trust Advisors LP raised its position in shares of United States Steel Corp. by 40.0% in the fourth quarter. First Trust Advisors LP now owns 572,672 shares of the company’s stock worth $4,570,000 after buying an additional 163,543 shares in the last quarter. Shell Asset Management Co. acquired a new position in shares of United States Steel Corp. during the fourth quarter worth $1,149,000. Finally, Russell Frank Co raised its position in shares of United States Steel Corp. by 347.0% in the fourth quarter. Russell Frank Co now owns 160,511 shares of the company’s stock worth $1,306,000 after buying an additional 124,606 shares in the last quarter.

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).

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