Pitcairn Co. bought a new stake in United States Steel Corporation (NYSE:X) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 19,259 shares of the basic materials company’s stock, valued at approximately $494,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in X. Enterprise Financial Services Corp bought a new position in United States Steel Corporation during the third quarter worth about $120,000. Global X Management Co. LLC lifted its stake in United States Steel Corporation by 221.0% during the second quarter. Global X Management Co. LLC now owns 5,473 shares of the basic materials company’s stock worth $121,000 after purchasing an additional 3,768 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in United States Steel Corporation by 10.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the basic materials company’s stock worth $154,000 after purchasing an additional 674 shares during the period. NJ State Employees Deferred Compensation Plan bought a new position in United States Steel Corporation during the third quarter worth about $205,000. Finally, ARP Americas LLC bought a new position in United States Steel Corporation during the third quarter worth about $223,000. Institutional investors and hedge funds own 62.56% of the company’s stock.

Shares of United States Steel Corporation (X) traded up $0.36 during trading on Friday, hitting $27.46. 8,041,800 shares of the company were exchanged, compared to its average volume of 13,279,225. The company has a current ratio of 1.89, a quick ratio of 1.23 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $4,806.21, a price-to-earnings ratio of 19.21 and a beta of 2.96. United States Steel Corporation has a fifty-two week low of $18.55 and a fifty-two week high of $41.83.

United States Steel Corporation (NYSE:X) last issued its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.25. United States Steel Corporation had a net margin of 1.05% and a return on equity of 10.27%. The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter last year, the business posted $0.40 earnings per share. United States Steel Corporation’s revenue for the quarter was up 20.9% compared to the same quarter last year. equities analysts anticipate that United States Steel Corporation will post 1.8 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 10th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Thursday, November 9th. United States Steel Corporation’s dividend payout ratio is presently 29.85%.

In other United States Steel Corporation news, Director Eugene Sperling bought 1,000 shares of the stock in a transaction on Friday, September 15th. The stock was purchased at an average price of $25.16 per share, with a total value of $25,160.00. Following the acquisition, the director now owns 3,009 shares of the company’s stock, valued at $75,706.44. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kevin Bradley bought 22,835 shares of the stock in a transaction on Wednesday, September 6th. The shares were acquired at an average cost of $27.62 per share, with a total value of $630,702.70. Following the acquisition, the chief financial officer now directly owns 30,415 shares in the company, valued at approximately $840,062.30. The disclosure for this purchase can be found here. Insiders have acquired a total of 64,597 shares of company stock valued at $1,764,452 in the last ninety days. Company insiders own 1.00% of the company’s stock.

A number of brokerages have commented on X. Citigroup Inc. cut shares of United States Steel Corporation from a “neutral” rating to a “sell” rating and cut their price target for the stock from $26.00 to $20.00 in a research note on Friday, July 28th. 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. Macquarie began coverage on shares of United States Steel Corporation in a research note on Wednesday, September 6th. They set an “outperform” rating and a $31.00 price target for the company. Credit Suisse Group restated an “outperform” rating and set a $34.00 price target (up previously from $29.00) on shares of United States Steel Corporation in a research note on Wednesday, July 26th. Finally, J P Morgan Chase & Co restated an “overweight” rating and set a $51.00 price target on shares of United States Steel Corporation in a research note on Thursday, July 27th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $29.34.

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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).

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

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