Northwestern Mutual Investment Management Company LLC raised its stake in United States Steel Corp. (NYSE:X) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,279 shares of the company’s stock after buying an additional 41 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in United States Steel Corp. were worth $426,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in X. Norges Bank purchased a new stake in shares of United States Steel Corp. during the fourth quarter valued at approximately $12,080,000. Sii Investments Inc. WI increased its stake in shares of United States Steel Corp. by 24.8% in the first quarter. Sii Investments Inc. WI now owns 23,654 shares of the company’s stock valued at $379,000 after buying an additional 4,695 shares during the last quarter. Nisa Investment Advisors L.L.C. purchased a new stake in shares of United States Steel Corp. during the first quarter valued at approximately $1,072,000. IFP Advisors Inc increased its stake in shares of United States Steel Corp. by 1.3% in the first quarter. IFP Advisors Inc now owns 10,895 shares of the company’s stock valued at $175,000 after buying an additional 135 shares during the last quarter. Finally, Arlington Capital Management Inc. purchased a new stake in shares of United States Steel Corp. during the first quarter valued at approximately $9,281,000. Institutional investors and hedge funds own 63.51% of the company’s stock.

Shares of United States Steel Corp. (NYSE:X) opened at 16.64 on Wednesday. United States Steel Corp. has a 12-month low of $6.15 and a 12-month high of $27.64. The company’s market cap is $2.44 billion. The stock has a 50 day moving average of $20.50 and a 200 day moving average of $18.21.

United States Steel Corp. (NYSE:X) last issued its earnings results on Tuesday, July 26th. The company reported ($0.31) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.49) by $0.18. The business earned $2.58 billion during the quarter, compared to analysts’ expectations of $2.68 billion. United States Steel Corp. had a negative net margin of 15.09% and a negative return on equity of 20.96%. The company’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.79) earnings per share. Analysts forecast that United States Steel Corp. will post $3.28 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Saturday, September 10th. Stockholders of record on Wednesday, August 10th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Monday, August 8th. United States Steel Corp.’s dividend payout ratio (DPR) is -1.88%.

Several analysts have recently commented on the stock. Jefferies Group restated a “sell” rating on shares of United States Steel Corp. in a research report on Sunday, June 12th. Vetr downgraded shares of United States Steel Corp. from a “sell” rating to a “strong sell” rating and set a $16.01 price objective on the stock. in a research report on Monday, July 11th. Credit Suisse Group AG upgraded shares of United States Steel Corp. to an “outperform” rating and raised their price objective for the company from $22.00 to $26.00 in a research report on Wednesday, June 8th. Barclays PLC raised their target price on shares of United States Steel Corp. from $16.00 to $22.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 3rd. Finally, Clarkson Capital raised shares of United States Steel Corp. from a “sell” rating to a “neutral” rating in a research note on Tuesday, August 2nd. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $19.84.

United States Steel Corp. Company Profile

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).

5 Day Chart for NYSE:X

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