Axiom Securities reissued their sell rating on shares of United States Steel Corporation (NYSE:X) in a research note released on Tuesday.

Several other equities analysts have also recently weighed in on X. Morgan Stanley reiterated an overweight rating on shares of United States Steel Corporation in a research note on Friday, July 21st. Jefferies Group LLC reiterated a buy rating and set a $33.00 price objective on shares of United States Steel Corporation in a research report on Wednesday, July 19th. Longbow Research reiterated a buy rating and set a $30.00 price objective on shares of United States Steel Corporation in a research report on Thursday, July 13th. BidaskClub upgraded shares of United States Steel Corporation from a sell rating to a hold rating in a research report on Wednesday, July 12th. Finally, BMO Capital Markets set a $24.00 price objective on shares of United States Steel Corporation and gave the company a hold rating in a research report on Tuesday, July 4th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $29.12.

United States Steel Corporation (NYSE:X) traded up 7.20% on Tuesday, hitting $26.20. 32,329,809 shares of the company were exchanged. The company has a 50 day moving average price of $22.07 and a 200-day moving average price of $28.72. The stock’s market capitalization is $4.58 billion. United States Steel Corporation has a 52 week low of $15.72 and a 52 week high of $41.83.

United States Steel Corporation (NYSE:X) last announced its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.66. United States Steel Corporation had a negative net margin of 2.63% and a negative return on equity of 3.48%. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the prior year, the firm posted ($0.32) EPS. United States Steel Corporation’s revenue for the quarter was up 21.7% on a year-over-year basis. On average, equities analysts expect that United States Steel Corporation will post $0.90 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Wednesday, August 9th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.82%. United States Steel Corporation’s dividend payout ratio (DPR) is -12.20%.

In other news, Director Stephen J. Girsky bought 2,500 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were bought at an average cost of $19.94 per share, for a total transaction of $49,850.00. Following the completion of the transaction, the director now owns 21,872 shares in the company, valued at $436,127.68. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul Anthony Mascarenas bought 1,500 shares of the firm’s stock in a transaction on Thursday, May 18th. The shares were purchased at an average price of $19.31 per share, for a total transaction of $28,965.00. Following the completion of the transaction, the director now owns 12,377 shares of the company’s stock, valued at approximately $238,999.87. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 14,000 shares of company stock worth $278,415. 1.00% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its position in shares of United States Steel Corporation by 8.2% in the first quarter. IFP Advisors Inc now owns 15,646 shares of the basic materials company’s stock worth $529,000 after buying an additional 1,192 shares in the last quarter. Nikko Asset Management Americas Inc. boosted its stake in shares of United States Steel Corporation by 36.4% in the first quarter. Nikko Asset Management Americas Inc. now owns 207,100 shares of the basic materials company’s stock valued at $7,002,000 after buying an additional 55,300 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of United States Steel Corporation by 251.6% in the first quarter. Janney Montgomery Scott LLC now owns 34,099 shares of the basic materials company’s stock valued at $1,153,000 after buying an additional 24,401 shares during the last quarter. Glen Harbor Capital Management LLC boosted its stake in shares of United States Steel Corporation by 571.1% in the first quarter. Glen Harbor Capital Management LLC now owns 28,992 shares of the basic materials company’s stock valued at $980,000 after buying an additional 24,672 shares during the last quarter. Finally, Sigma Planning Corp purchased a new stake in shares of United States Steel Corporation during the first quarter valued at about $269,000. Hedge funds and other institutional investors own 67.18% 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).

Analyst Recommendations for United States Steel Corporation (NYSE:X)

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