United States Steel Corp. (NYSE:X) saw unusually-high trading volume on Wednesday . Approximately 23,580,287 shares changed hands during mid-day trading, an increase of 64% from the previous session’s volume of 14,421,311 shares.The stock last traded at $23.39 and had previously closed at $24.27.

A number of research firms recently commented on X. Vetr cut shares of United States Steel Corp. from a “sell” rating to a “strong sell” rating and set a $16.63 target price for the company. in a research report on Monday, May 2nd. BMO Capital Markets reissued a “hold” rating on shares of United States Steel Corp. in a research 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 report on Thursday, July 28th. Axiom Securities reissued a “sell” rating on shares of United States Steel Corp. in a research report on Monday, May 23rd. Finally, Zacks Investment Research cut shares of United States Steel Corp. from a “buy” rating to a “hold” rating in a research report on Monday. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.46.

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

United States Steel Corp. (NYSE:X) last posted its earnings results on Tuesday, July 26th. The company reported ($0.31) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.49) by $0.18. During the same quarter in the prior year, the company posted ($0.79) earnings per share. The firm had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.68 billion. The business’s revenue for the quarter was down 10.9% on a year-over-year basis. On average, analysts predict that United States Steel Corp. will post ($0.72) EPS for the current year.

The business also recently disclosed 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 yield of 0.86%.

Other hedge funds recently modified their holdings of the company. Hodges Capital Management Inc. raised its stake 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 during the period. California Public Employees Retirement System raised its stake 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 during the period. BNP Paribas Arbitrage SA raised its stake 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 during the period. Rhumbline Advisers raised its stake in shares of 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 period. Finally, Russell Frank Co raised its stake 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 valued at $1,306,000 after buying an additional 124,606 shares during the period.

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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