Capstone Asset Management Co. raised its position in shares of United States Steel Corporation (NYSE:X) by 3.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,371 shares of the basic materials company’s stock after buying an additional 540 shares during the period. Capstone Asset Management Co.’s holdings in United States Steel Corporation were worth $340,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its position in United States Steel Corporation by 10.1% in the first quarter. Vanguard Group Inc. now owns 16,743,496 shares of the basic materials company’s stock worth $566,096,000 after buying an additional 1,539,412 shares during the period. BlackRock Inc. increased its position in United States Steel Corporation by 12,021.7% in the first quarter. BlackRock Inc. now owns 14,279,755 shares of the basic materials company’s stock worth $482,799,000 after buying an additional 14,161,952 shares during the period. State Street Corp increased its position in United States Steel Corporation by 0.5% in the first quarter. State Street Corp now owns 5,547,843 shares of the basic materials company’s stock worth $187,574,000 after buying an additional 27,483 shares during the period. Morgan Stanley increased its position in United States Steel Corporation by 19.9% in the first quarter. Morgan Stanley now owns 3,090,213 shares of the basic materials company’s stock worth $104,480,000 after buying an additional 512,075 shares during the period. Finally, Teachers Advisors LLC increased its position in United States Steel Corporation by 8.6% in the first quarter. Teachers Advisors LLC now owns 1,817,328 shares of the basic materials company’s stock worth $61,444,000 after buying an additional 143,268 shares during the period. Institutional investors own 69.08% of the company’s stock.

United States Steel Corporation (X) traded down 3.15% on Friday, reaching $23.09. The company’s stock had a trading volume of 6,077,597 shares. United States Steel Corporation has a 1-year low of $15.72 and a 1-year high of $41.83. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 146.14 and a beta of 2.88. The firm’s 50 day moving average price is $23.12 and its 200-day moving average price is $27.90.

United States Steel Corporation (NYSE:X) last posted its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.66. The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $2.98 billion. United States Steel Corporation had a return on equity of 6.50% and a net margin of 0.24%. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.32) EPS. Equities analysts forecast that United States Steel Corporation will post $1.75 earnings per share for the current year.

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 paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, August 7th. This represents a $0.20 annualized dividend and a yield of 0.84%. United States Steel Corporation’s payout ratio is presently 125.00%.

TRADEMARK VIOLATION WARNING: “United States Steel Corporation (X) Position Increased by Capstone Asset Management Co.” was originally published by Daily Political and is the property of of Daily Political. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The legal version of this news story can be accessed at https://www.dailypolitical.com/2017/08/11/united-states-steel-corporation-x-position-increased-by-capstone-asset-management-co.html.

A number of research firms have recently commented on X. Barclays PLC reissued an “equal weight” rating and issued a $25.00 target price (up from $24.00) on shares of United States Steel Corporation in a research note on Wednesday. Longbow Research cut United States Steel Corporation from a “buy” rating to a “neutral” rating in a research note on Thursday, July 27th. Cowen and Company increased their target price on United States Steel Corporation from $21.00 to $24.00 and gave the stock a “market perform” rating in a research note on Thursday, July 27th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $51.00 target price on shares of United States Steel Corporation in a research note on Thursday, July 27th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $34.00 target price (up from $29.00) on shares of United States Steel Corporation in a research note on Wednesday, July 26th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $27.36.

In related news, Director Stephen J. Girsky bought 2,500 shares of the stock in a transaction dated Tuesday, May 16th. The shares were purchased at an average price of $19.94 per share, for a total transaction of $49,850.00. Following the completion of the purchase, the director now directly owns 21,872 shares of the company’s stock, valued at $436,127.68. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Paul Anthony Mascarenas bought 1,500 shares of the stock in a transaction dated Thursday, May 18th. The stock was bought at an average price of $19.31 per share, for a total transaction of $28,965.00. Following the purchase, the director now directly owns 12,377 shares of the company’s stock, valued at $238,999.87. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by insiders.

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).

Want to see what other hedge funds are holding X? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United States Steel Corporation (NYSE:X).

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

Receive News & Ratings for United States Steel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Steel Corporation and related companies with MarketBeat.com's FREE daily email newsletter.