Zacks Investment Management acquired a new stake in United States Steel Co. (NYSE:X) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 6,281 shares of the basic materials company’s stock, valued at approximately $218,000.

Other institutional investors also recently added to or reduced their stakes in the company. Advisors Preferred LLC increased its stake in United States Steel by 131.7% in the 2nd quarter. Advisors Preferred LLC now owns 3,074 shares of the basic materials company’s stock valued at $107,000 after buying an additional 1,747 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in United States Steel in the first quarter worth approximately $129,000. DekaBank Deutsche Girozentrale bought a new stake in United States Steel in the first quarter worth approximately $183,000. NuWave Investment Management LLC bought a new stake in United States Steel in the second quarter worth approximately $189,000. Finally, Syntal Capital Partners LLC bought a new stake in United States Steel in the second quarter worth approximately $208,000. Hedge funds and other institutional investors own 68.04% of the company’s stock.

Shares of NYSE X traded up $0.59 during trading hours on Wednesday, hitting $30.30. 35,162 shares of the stock were exchanged, compared to its average volume of 10,645,162. The company has a current ratio of 1.66, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The company has a market cap of $5.12 billion, a P/E ratio of 15.61, a P/E/G ratio of 0.62 and a beta of 3.16. United States Steel Co. has a one year low of $23.16 and a one year high of $47.64.

United States Steel (NYSE:X) last posted its quarterly earnings data on Wednesday, August 1st. The basic materials company reported $1.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.33. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.47 billion. United States Steel had a net margin of 4.09% and a return on equity of 18.70%. United States Steel’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 EPS. equities research analysts forecast that United States Steel Co. will post 5.81 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Thursday, August 9th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Wednesday, August 8th. United States Steel’s dividend payout ratio (DPR) is presently 10.31%.

X has been the subject of several recent research reports. Zacks Investment Research downgraded shares of United States Steel from a “buy” rating to a “hold” rating in a research report on Wednesday, May 30th. Morgan Stanley downgraded shares of United States Steel from an “overweight” rating to an “underweight” rating and decreased their target price for the stock from $44.00 to $30.00 in a research report on Monday, August 27th. TheStreet raised shares of United States Steel from a “c” rating to a “b” rating in a research report on Thursday, August 2nd. Credit Suisse Group decreased their target price on shares of United States Steel from $55.00 to $48.00 in a research report on Thursday, August 23rd. Finally, ValuEngine downgraded shares of United States Steel from a “hold” rating to a “sell” rating in a report on Friday, August 17th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $42.02.

United States Steel Company Profile

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, rounds, strip mill plates, sheets, and tin mill products.

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

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