Wafra Investment Advisory Group Inc. NY lessened its stake in United States Steel Corporation (NYSE:X) by 33.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 38,100 shares of the basic materials company’s stock after selling 19,047 shares during the period. Wafra Investment Advisory Group Inc. NY’s holdings in United States Steel Corporation were worth $844,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of X. California State Teachers Retirement System grew its stake in shares of United States Steel Corporation by 1.9% in the second quarter. California State Teachers Retirement System now owns 321,357 shares of the basic materials company’s stock worth $7,114,000 after acquiring an additional 6,028 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of United States Steel Corporation by 2.0% in the second quarter. The Manufacturers Life Insurance Company now owns 256,533 shares of the basic materials company’s stock worth $5,679,000 after acquiring an additional 4,911 shares in the last quarter. Moors & Cabot Inc. grew its stake in shares of United States Steel Corporation by 45.8% in the second quarter. Moors & Cabot Inc. now owns 26,450 shares of the basic materials company’s stock worth $584,000 after acquiring an additional 8,306 shares in the last quarter. Sciencast Management LP acquired a new position in shares of United States Steel Corporation in the second quarter worth $353,000. Finally, State Street Corp grew its stake in shares of United States Steel Corporation by 6.2% in the second quarter. State Street Corp now owns 5,889,434 shares of the basic materials company’s stock worth $130,394,000 after acquiring an additional 341,591 shares in the last quarter. Hedge funds and other institutional investors own 63.95% of the company’s stock.

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In other news, Director Eugene Sperling acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were purchased at an average cost of $25.16 per share, for a total transaction of $25,160.00. Following the transaction, the director now directly owns 3,009 shares in the company, valued at approximately $75,706.44. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Murry Gerber acquired 4,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was purchased 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 owns 168,457 shares in the company, valued at $4,529,808.73. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 64,597 shares of company stock worth $1,764,452. Insiders own 1.00% of the company’s stock.

Shares of United States Steel Corporation (NYSE X) traded up 0.64% during midday trading on Wednesday, hitting $25.14. 4,437,473 shares of the stock were exchanged. United States Steel Corporation has a 12-month low of $16.17 and a 12-month high of $41.83. The firm has a 50-day moving average price of $25.79 and a 200-day moving average price of $24.52. The company has a market cap of $4.40 billion, a PE ratio of 51.31 and a beta of 2.89.

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 (EPS) for the quarter, topping the Zacks’ 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 period last year, the firm posted ($0.32) EPS. The company’s revenue for the quarter was up 21.7% on a year-over-year basis. On average, equities analysts predict that United States Steel Corporation will post $1.73 EPS for the current year.

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

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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