Private Advisor Group LLC reduced its position in United States Steel Corp. (NYSE:X) by 4.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,181 shares of the company’s stock after selling 785 shares during the period. Private Advisor Group LLC’s holdings in United States Steel Corp. were worth $326,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of X. DekaBank Deutsche Girozentrale increased its stake in United States Steel Corp. by 61.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 8,337 shares of the company’s stock valued at $133,000 after buying an additional 3,160 shares during the period. LS Investment Advisors LLC increased its stake in United States Steel Corp. by 71.9% in the second quarter. LS Investment Advisors LLC now owns 8,787 shares of the company’s stock valued at $148,000 after buying an additional 3,675 shares during the period. Canada Pension Plan Investment Board increased its stake in United States Steel Corp. by 47.0% in the first quarter. Canada Pension Plan Investment Board now owns 9,700 shares of the company’s stock valued at $156,000 after buying an additional 3,100 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in United States Steel Corp. by 283.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,411 shares of the company’s stock valued at $167,000 after buying an additional 7,698 shares during the period. Finally, IFP Advisors Inc increased its stake in 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 period. Institutional investors own 63.51% of the company’s stock.

United States Steel Corp. (NYSE:X) traded up 6.37% during mid-day trading on Wednesday, hitting $17.70. The stock had a trading volume of 7,927,498 shares. The firm’s market cap is $2.60 billion. United States Steel Corp. has a 12-month low of $6.15 and a 12-month high of $27.64. The stock has a 50-day moving average price of $20.50 and a 200 day moving average price of $18.21.

United States Steel Corp. (NYSE:X) last released its quarterly earnings data on Tuesday, July 26th. The company reported ($0.31) EPS for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.18. United States Steel Corp. had a negative return on equity of 20.96% and a negative net margin of 15.09%. The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter in the prior year, the business posted ($0.79) EPS. The business’s revenue for the quarter was down 10.9% on a year-over-year basis. Equities analysts anticipate that United States Steel Corp. will post $3.28 EPS for the current fiscal year.

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

Several brokerages have recently commented on X. Argus upgraded United States Steel Corp. from a “hold” rating to a “buy” rating and raised their price target for the company from $25.49 to $30.00 in a research note on Thursday, July 28th. Jefferies Group upgraded United States Steel Corp. from an “underperform” rating to a “hold” rating and set a $24.50 price target on the stock in a research note on Wednesday, August 3rd. Vetr upgraded United States Steel Corp. from a “sell” rating to a “hold” rating and set a $23.03 price target on the stock in a research note on Monday, August 15th. Credit Suisse Group AG set a $29.00 price target on United States Steel Corp. and gave the company a “buy” rating in a research note on Wednesday, July 27th. Finally, Rosenblatt Securities cut their price target on United States Steel Corp. from $35.00 to $32.00 and set a “buy” rating on the stock in a research note on Monday, August 15th. Five analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price 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).

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