Profund Advisors LLC raised its stake in United States Steel Co. (NYSE:X) by 28.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,050 shares of the basic materials company’s stock after purchasing an additional 7,270 shares during the period. Profund Advisors LLC’s holdings in United States Steel were worth $1,163,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its holdings in shares of United States Steel by 22.0% during the 3rd quarter. Pacer Advisors Inc. now owns 33,080 shares of the basic materials company’s stock worth $849,000 after acquiring an additional 5,961 shares during the period. American International Group Inc. lifted its holdings in shares of United States Steel by 1.1% during the 4th quarter. American International Group Inc. now owns 361,380 shares of the basic materials company’s stock worth $12,717,000 after acquiring an additional 4,063 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of United States Steel by 7.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 752,227 shares of the basic materials company’s stock worth $26,471,000 after acquiring an additional 49,542 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of United States Steel by 0.7% during the 3rd quarter. Principal Financial Group Inc. now owns 743,908 shares of the basic materials company’s stock worth $19,088,000 after acquiring an additional 4,827 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of United States Steel by 2.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,970,333 shares of the basic materials company’s stock worth $50,558,000 after acquiring an additional 41,931 shares during the period. 68.34% of the stock is owned by institutional investors.

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In other news, CEO David B. Burritt sold 6,936 shares of United States Steel stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $39.95, for a total transaction of $277,093.20. Following the completion of the sale, the chief executive officer now owns 179,567 shares in the company, valued at approximately $7,173,701.65. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David B. Burritt sold 36,072 shares of United States Steel stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $39.95, for a total transaction of $1,441,076.40. Following the sale, the chief executive officer now owns 166,411 shares of the company’s stock, valued at approximately $6,648,119.45. The disclosure for this sale can be found here. Insiders sold a total of 128,831 shares of company stock valued at $5,195,060 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Shares of United States Steel Co. (NYSE X) opened at $40.24 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.75 and a quick ratio of 1.11. The firm has a market cap of $7,080.00, a PE ratio of 23.40, a price-to-earnings-growth ratio of 1.36 and a beta of 2.79. United States Steel Co. has a 1 year low of $18.55 and a 1 year high of $47.64.

United States Steel (NYSE:X) last posted its quarterly earnings data on Wednesday, January 31st. The basic materials company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.09. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.10 billion. United States Steel had a net margin of 3.16% and a return on equity of 12.56%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 EPS. equities research analysts forecast that United States Steel Co. will post 4.01 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 9th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Thursday, February 8th. United States Steel’s payout ratio is presently 11.63%.

Several equities analysts recently issued reports on the stock. Vertical Group downgraded shares of United States Steel from a “hold” rating to a “sell” rating in a report on Tuesday. JPMorgan Chase & Co. lifted their price target on shares of United States Steel from $48.00 to $69.00 in a report on Friday, March 9th. Credit Suisse Group lifted their price target on shares of United States Steel from $48.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, March 8th. Bank of America downgraded shares of United States Steel from a “buy” rating to a “neutral” rating and set a $50.00 price target for the company. in a report on Friday, March 2nd. Finally, ValuEngine raised shares of United States Steel from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. United States Steel has a consensus rating of “Buy” and an average price target of $37.00.

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United States Steel 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).

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

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