United States Steel Corp. (NYSE:X) shares were down 4.1% on Monday . The stock traded as low as $26.05 and last traded at $26.37, with a volume of 9,095,853 shares traded. The stock had previously closed at $27.49.

Several research analysts have recently weighed in on X shares. Vetr downgraded United States Steel Corp. from a “sell” rating to a “strong sell” rating and set a $16.01 target price for the company. in a research note on Monday, July 11th. Zacks Investment Research upgraded United States Steel Corp. from a “sell” rating to a “hold” rating in a research report on Monday, April 4th. Argus upgraded United States Steel Corp. from a “hold” rating to a “buy” rating and boosted their price target for the stock from $25.49 to $30.00 in a research report on Thursday. Barclays PLC reiterated an “equal weight” rating and set a $16.00 price target (up from $15.00) on shares of United States Steel Corp. in a research report on Tuesday, July 12th. Finally, Axiom Securities reiterated a “sell” rating on shares of United States Steel Corp. in a research report on Tuesday, April 12th. Eight analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $17.39.

The stock’s 50 day moving average price is $19.69 and its 200-day moving average price is $15.10. The company’s market cap is $3.90 billion.

United States Steel Corp. (NYSE:X) last announced its earnings results on Tuesday, July 26th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.49) by $0.18. During the same period in the prior year, the business posted ($0.79) EPS. The firm earned $2.58 billion during the quarter, compared to analyst estimates of $2.68 billion. The firm’s quarterly revenue was down 10.9% compared to the same quarter last year. On average, equities research analysts expect that United States Steel Corp. will post ($0.74) earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, September 10th. Shareholders of record on Wednesday, August 10th will be paid a $0.05 dividend. The ex-dividend date is Monday, August 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.75%.

In related news, Director Stephen J. Girsky purchased 2,000 shares of the firm’s stock in a transaction on Thursday, May 5th. The stock was purchased at an average cost of $18.94 per share, for a total transaction of $37,880.00. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at $37,880. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Several hedge funds and institutional investors have modified their holdings of X. BNP Paribas Arbitrage SA increased its position in shares of United States Steel Corp. by 7.0% in the fourth quarter. BNP Paribas Arbitrage SA now owns 293,150 shares of the company’s stock valued at $2,339,000 after buying an additional 19,135 shares in the last quarter. Hodges Capital Management Inc. increased 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 valued at $21,336,000 after buying an additional 1,164,668 shares in the last quarter. Zweig DiMenna Associates LLC increased its position in shares of United States Steel Corp. by 175.8% in the fourth quarter. Zweig DiMenna Associates LLC now owns 159,510 shares of the company’s stock valued at $1,273,000 after buying an additional 101,670 shares in the last quarter. BBT Capital Management LLC acquired a new position in shares of United States Steel Corp. during the fourth quarter valued at approximately $2,873,000. Finally, California Public Employees Retirement System increased its position in shares of United States Steel Corp. by 17.1% in the fourth quarter. California Public Employees Retirement System now owns 495,600 shares of the company’s stock valued at $3,955,000 after buying an additional 72,500 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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