Investors purchased shares of United States Steel Corp. (NYSE:X) on weakness during trading on Wednesday. $159.69 million flowed into the stock on the tick-up and $97.75 million flowed out of the stock on the tick-down, for a money net flow of $61.94 million into the stock. Of all equities tracked, United States Steel Corp. had the 3rd highest net in-flow for the day. United States Steel Corp. traded down ($1.08) for the day and closed at $23.19

X has been the subject of a number of recent research reports. Vetr cut shares of United States Steel Corp. from a “sell” rating to a “strong sell” rating and set a $15.62 target price for the company. in a research report on Wednesday, April 13th. Axiom Securities reissued a “sell” rating and issued a $5.00 target price on shares of United States Steel Corp. in a research report on Saturday, May 14th. Zacks Investment Research raised shares of United States Steel Corp. from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Thursday, June 30th. Barclays PLC reissued a “hold” rating and issued a $15.00 target price (up previously from $7.00) on shares of United States Steel Corp. in a research report on Tuesday, April 19th. Finally, Cowen and Company reissued a “market perform” rating and issued a $18.00 target price (up previously from $8.00) on shares of United States Steel Corp. in a research report on Thursday, April 28th. Seven research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $18.46.

The company’s market cap is $3.40 billion. The company’s 50 day moving average is $21.26 and its 200 day moving average is $15.90.

United States Steel Corp. (NYSE:X) last issued its earnings results on Tuesday, July 26th. The company reported ($0.31) EPS for the quarter, topping the consensus estimate of ($0.49) by $0.18. During the same quarter in the prior year, the business earned ($0.79) EPS. The company earned $2.58 billion during the quarter, compared to the consensus estimate of $2.68 billion. The firm’s revenue for the quarter was down 10.9% compared to the same quarter last year. On average, equities analysts predict that United States Steel Corp. will post ($0.72) EPS for the current fiscal 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 issued a $0.05 dividend. The ex-dividend date is Monday, August 8th. This represents a $0.20 annualized dividend and a dividend yield of 0.86%.

Several hedge funds have added to or reduced their stakes in X. Hodges Capital Management Inc. boosted its stake in 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 during the last quarter. California Public Employees Retirement System boosted its stake in 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 during the last quarter. BNP Paribas Arbitrage SA boosted its stake in 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 during the last quarter. Rhumbline Advisers boosted its stake in United States Steel Corp. by 1.8% in the fourth quarter. Rhumbline Advisers now owns 212,658 shares of the company’s stock valued at $1,697,000 after buying an additional 3,770 shares during the last quarter. Finally, Russell Frank Co boosted its stake 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 valued at $1,306,000 after buying an additional 124,606 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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