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

X has been the subject of a number of recent analyst reports. Vetr cut shares of United States Steel Corp. from a “sell” rating to a “strong sell” rating and set a $16.63 price objective for the company. in a report on Monday, May 2nd. BMO Capital Markets reaffirmed a “hold” rating on shares of United States Steel Corp. in a report on Wednesday, April 27th. Morgan Stanley reissued a “hold” rating and set a $19.00 target price on shares of United States Steel Corp. in a research note on Thursday, July 28th. Axiom Securities reissued a “sell” rating on shares of United States Steel Corp. in a research note on Monday, May 23rd. Finally, Barclays PLC reissued an “equal weight” rating and set a $16.00 target price (up previously from $15.00) on shares of United States Steel Corp. in a research note on Tuesday, July 12th. Eight equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. United States Steel Corp. has a consensus rating of “Hold” and an average target price of $17.39.

The company has a 50-day moving average of $19.94 and a 200 day moving average of $15.24. The company’s market cap is $3.82 billion.

United States Steel Corp. (NYSE:X) last released its earnings results on Tuesday, July 26th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.18. The company earned $2.58 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same quarter in the previous year, the firm posted ($0.79) earnings per share. United States Steel Corp.’s revenue for the quarter was down 10.9% compared to the same quarter last year. Equities research analysts anticipate that United States Steel Corp. will post ($0.74) earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 10th. Shareholders of record on Wednesday, August 10th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, August 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.78%.

In other United States Steel Corp. news, Director Stephen J. Girsky purchased 2,000 shares of United States Steel Corp. stock in a transaction on Thursday, May 5th. The shares were purchased at an average cost of $18.94 per share, with a total value of $37,880.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $37,880. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Other hedge funds and institutional investors have recently bought and sold shares of the company. Zweig DiMenna Associates LLC boosted its position in 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 worth $1,273,000 after buying an additional 101,670 shares during the last quarter. Russell Frank Co boosted its position in 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 during the last quarter. Rhumbline Advisers boosted its position in United States Steel Corp. by 1.8% in the fourth quarter. Rhumbline Advisers now owns 212,658 shares of the company’s stock worth $1,697,000 after buying an additional 3,770 shares during the last quarter. Nationwide Fund Advisors boosted its position in United States Steel Corp. by 0.3% in the fourth quarter. Nationwide Fund Advisors now owns 245,401 shares of the company’s stock worth $1,958,000 after buying an additional 788 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in United States Steel Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 278,509 shares of the company’s stock worth $2,223,000 after buying an additional 4,355 shares during 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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