BlueMountain Capital Management LLC reduced its stake in shares of United States Steel Corporation (NYSE:X) by 48.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 165,608 shares of the basic materials company’s stock after selling 154,988 shares during the quarter. BlueMountain Capital Management LLC owned approximately 0.09% of United States Steel Corporation worth $3,667,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Tudor Investment Corp ET AL boosted its holdings in shares of United States Steel Corporation by 160.8% during the first quarter. Tudor Investment Corp ET AL now owns 30,407 shares of the basic materials company’s stock worth $1,028,000 after purchasing an additional 80,407 shares during the period. Scopus Asset Management L.P. boosted its holdings in shares of United States Steel Corporation by 203.3% during the first quarter. Scopus Asset Management L.P. now owns 206,600 shares of the basic materials company’s stock worth $6,985,000 after purchasing an additional 406,600 shares during the period. BlackRock Inc. boosted its holdings in shares of United States Steel Corporation by 12,021.7% during the first quarter. BlackRock Inc. now owns 14,279,755 shares of the basic materials company’s stock worth $482,799,000 after purchasing an additional 14,161,952 shares during the period. Private Advisor Group LLC boosted its holdings in shares of United States Steel Corporation by 14.0% during the first quarter. Private Advisor Group LLC now owns 18,040 shares of the basic materials company’s stock worth $589,000 after purchasing an additional 2,221 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of United States Steel Corporation by 150.9% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 56,881 shares of the basic materials company’s stock worth $1,259,000 after purchasing an additional 34,209 shares during the period. Institutional investors and hedge funds own 63.37% of the company’s stock.

Shares of United States Steel Corporation (X) opened at 25.09 on Friday. The firm has a market cap of $4.39 billion, a P/E ratio of 158.80 and a beta of 2.88. United States Steel Corporation has a 52 week low of $16.17 and a 52 week high of $41.83. The stock has a 50 day moving average of $24.89 and a 200 day moving average of $26.01.

United States Steel Corporation (NYSE:X) last issued its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.66. United States Steel Corporation had a return on equity of 6.50% and a net margin of 0.24%. The company had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter last year, the business earned ($0.32) earnings per share. United States Steel Corporation’s revenue was up 21.7% on a year-over-year basis. Analysts anticipate that United States Steel Corporation will post $1.74 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Wednesday, August 9th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Monday, August 7th. United States Steel Corporation’s payout ratio is currently 125.00%.

A number of analysts have issued reports on the stock. Macquarie assumed coverage on shares of United States Steel Corporation in a research note on Wednesday, September 6th. They issued an “outperform” rating and a $31.00 target price for the company. Standpoint Research cut shares of United States Steel Corporation from a “buy” rating to a “reduce” rating in a research note on Tuesday, September 5th. Bank of America Corporation upgraded shares of United States Steel Corporation from a “neutral” rating to a “buy” rating and lifted their target price for the company from $29.00 to $31.00 in a research note on Tuesday, September 5th. BMO Capital Markets reiterated a “market perform” rating on shares of United States Steel Corporation in a research note on Friday, September 8th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $32.00 target price on shares of United States Steel Corporation in a research note on Thursday, August 31st. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. United States Steel Corporation presently has an average rating of “Hold” and a consensus target price of $28.52.

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In other United States Steel Corporation news, CFO Kevin Bradley bought 22,835 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were purchased at an average price of $27.62 per share, for a total transaction of $630,702.70. Following the completion of the transaction, the chief financial officer now directly owns 30,415 shares in the company, valued at approximately $840,062.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Murry Gerber bought 4,000 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was acquired at an average price of $26.89 per share, for a total transaction of $107,560.00. Following the transaction, the director now owns 168,457 shares of the company’s stock, valued at $4,529,808.73. The disclosure for this purchase can be found here. Insiders purchased 63,597 shares of company stock worth $1,739,292 in the last 90 days. 1.00% of the stock is owned by company insiders.

United States Steel Corporation Company Profile

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).

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

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