PNC Financial Services Group Inc. grew its holdings in shares of United States Steel Corporation (NYSE:X) by 4.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,810 shares of the basic materials company’s stock after buying an additional 1,855 shares during the period. PNC Financial Services Group Inc.’s holdings in United States Steel Corporation were worth $971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in United States Steel Corporation by 10.1% during the 1st quarter. Vanguard Group Inc. now owns 16,743,496 shares of the basic materials company’s stock valued at $566,096,000 after acquiring an additional 1,539,412 shares during the last quarter. BlackRock Inc. raised its stake in United States Steel Corporation by 0.4% during the 2nd quarter. BlackRock Inc. now owns 14,343,698 shares of the basic materials company’s stock valued at $317,570,000 after acquiring an additional 63,943 shares during the last quarter. State Street Corp raised its stake in United States Steel Corporation by 0.5% during the 1st quarter. State Street Corp now owns 5,547,843 shares of the basic materials company’s stock valued at $187,574,000 after acquiring an additional 27,483 shares during the last quarter. Morgan Stanley raised its stake in United States Steel Corporation by 19.9% during the 1st quarter. Morgan Stanley now owns 3,090,213 shares of the basic materials company’s stock valued at $104,480,000 after acquiring an additional 512,075 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in United States Steel Corporation by 5.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,928,402 shares of the basic materials company’s stock valued at $42,695,000 after acquiring an additional 93,579 shares during the last quarter. 63.95% of the stock is owned by institutional investors and hedge funds.

Shares of United States Steel Corporation (NYSE:X) opened at 25.02 on Tuesday. The firm has a market capitalization of $4.38 billion, a P/E ratio of 158.35 and a beta of 2.89. The company has a 50-day moving average price of $25.74 and a 200 day moving average price of $24.58. United States Steel Corporation has a one year low of $16.17 and a one year high of $41.83.

United States Steel Corporation (NYSE:X) last posted its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.66. United States Steel Corporation had a net margin of 0.24% and a return on equity of 6.50%. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the previous year, the firm posted ($0.32) EPS. The business’s revenue was up 21.7% compared to the same quarter last year. Analysts expect that United States Steel Corporation will post $1.73 earnings per share for the current fiscal year.

Several research firms have commented on X. Citigroup Inc. cut United States Steel Corporation from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $26.00 to $20.00 in a research report on Friday, July 28th. Axiom Securities reiterated a “sell” rating on shares of United States Steel Corporation in a research report on Thursday, July 13th. Longbow Research upgraded United States Steel Corporation from a “neutral” rating to a “buy” rating in a research report on Monday, June 19th. BMO Capital Markets reiterated a “market perform” rating on shares of United States Steel Corporation in a research report on Friday, June 16th. Finally, Standpoint Research cut United States Steel Corporation from a “buy” rating to a “reduce” rating in a research report on Tuesday, September 5th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $28.29.

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In related news, Director Eugene Sperling bought 1,000 shares of United States Steel Corporation stock in a transaction dated Friday, September 15th. The shares were bought at an average cost of $25.16 per share, for a total transaction of $25,160.00. Following the completion of the transaction, the director now owns 3,009 shares of the company’s stock, valued at $75,706.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Murry Gerber bought 4,000 shares of United States Steel Corporation stock in a transaction dated Friday, September 1st. The shares were bought at an average price of $26.89 per share, for a total transaction of $107,560.00. Following the completion of the transaction, the director now directly owns 168,457 shares of the company’s stock, valued at approximately $4,529,808.73. The disclosure for this purchase can be found here. In the last three months, insiders purchased 64,597 shares of company stock worth $1,764,452. 1.00% of the stock is currently owned by insiders.

United States Steel Corporation 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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