South Dakota Investment Council maintained its stake in shares of United States Steel Corporation (NYSE:X) during the first quarter, according to its most recent filing with the SEC. The firm owned 7,300 shares of the basic materials company’s stock at the end of the first quarter. South Dakota Investment Council’s holdings in United States Steel Corporation were worth $247,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Luminus Management LLC acquired a new stake in shares of United States Steel Corporation during the fourth quarter valued at approximately $48,851,000. Norges Bank acquired a new stake in shares of United States Steel Corporation during the fourth quarter valued at approximately $40,853,000. Teachers Advisors LLC boosted its stake in shares of United States Steel Corporation by 80.3% in the fourth quarter. Teachers Advisors LLC now owns 1,674,060 shares of the basic materials company’s stock valued at $55,261,000 after buying an additional 745,669 shares during the period. Macquarie Group Ltd. acquired a new stake in shares of United States Steel Corporation during the fourth quarter valued at approximately $15,843,000. Finally, Putnam Investments LLC boosted its stake in shares of United States Steel Corporation by 242.3% in the fourth quarter. Putnam Investments LLC now owns 633,576 shares of the basic materials company’s stock valued at $20,915,000 after buying an additional 448,456 shares during the period. 70.75% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for United States Steel Corporation (NYSE:X)

Shares of United States Steel Corporation (NYSE X) traded up 0.58% during trading on Tuesday, reaching $20.92. The company had a trading volume of 5,842,429 shares. The company’s market cap is $3.65 billion. United States Steel Corporation has a 12 month low of $14.80 and a 12 month high of $41.83. The firm has a 50 day moving average price of $20.69 and a 200 day moving average price of $30.97.

United States Steel Corporation (NYSE:X) last announced its earnings results on Tuesday, April 25th. The basic materials company reported ($0.83) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $1.18. United States Steel Corporation had a negative return on equity of 3.48% and a negative net margin of 2.63%. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.91 billion. During the same period in the prior year, the business posted ($2.15) earnings per share. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. Analysts predict that United States Steel Corporation will post $1.06 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Wednesday, May 10th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, May 8th. This represents a $0.20 annualized dividend and a dividend yield of 0.96%. United States Steel Corporation’s dividend payout ratio is presently -12.20%.

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X has been the subject of several recent analyst reports. Vetr raised United States Steel Corporation from a “buy” rating to a “strong-buy” rating and set a $38.76 target price for the company in a research report on Monday, March 27th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $46.00 target price (up previously from $39.00) on shares of United States Steel Corporation in a research report on Wednesday, March 22nd. Deutsche Bank AG raised their target price on United States Steel Corporation from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, March 21st. Morgan Stanley reissued a “buy” rating and set a $34.00 price objective (down previously from $48.00) on shares of United States Steel Corporation in a research report on Monday, May 1st. Finally, Credit Suisse Group raised United States Steel Corporation from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $13.68 to $30.00 in a research report on Wednesday, May 24th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $29.44.

In other United States Steel Corporation news, Director Paul Anthony Mascarenas bought 1,500 shares of the stock in a transaction dated Thursday, May 18th. The shares were bought at an average cost of $19.31 per share, with a total value of $28,965.00. Following the completion of the acquisition, the director now owns 12,377 shares of the company’s stock, valued at $238,999.87. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David Sutherland bought 10,000 shares of the stock in a transaction dated Friday, May 12th. The shares were acquired at an average cost of $19.96 per share, for a total transaction of $199,600.00. Following the completion of the acquisition, the director now directly owns 98,919 shares of the company’s stock, valued at approximately $1,974,423.24. The disclosure for this purchase can be found here. Insiders have bought 14,000 shares of company stock worth $278,415 over the last ninety days. Insiders own 1.00% of the company’s stock.

About United States Steel Corporation

United States Steel Corporation 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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