Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 2,283 Shares of United States Steel Corporation (X)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of United States Steel Corporation (NYSE:X) by 7.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,072 shares of the basic materials company’s stock after purchasing an additional 2,283 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in United States Steel Corporation were worth $710,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Tudor Investment Corp ET AL boosted its position in shares of United States Steel Corporation by 160.8% during the 1st quarter. Tudor Investment Corp ET AL now owns 30,407 shares of the basic materials company’s stock worth $1,028,000 after acquiring an additional 80,407 shares in the last quarter. Scopus Asset Management L.P. boosted its position in shares of United States Steel Corporation by 203.3% during the 1st quarter. Scopus Asset Management L.P. now owns 206,600 shares of the basic materials company’s stock worth $6,985,000 after acquiring an additional 406,600 shares in the last quarter. BlackRock Inc. boosted its position in shares of United States Steel Corporation by 12,021.7% during the 1st quarter. BlackRock Inc. now owns 14,279,755 shares of the basic materials company’s stock worth $482,799,000 after acquiring an additional 14,161,952 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of United States Steel Corporation by 14.0% during the 1st quarter. Private Advisor Group LLC now owns 18,040 shares of the basic materials company’s stock worth $589,000 after acquiring an additional 2,221 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of United States Steel Corporation by 150.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 56,881 shares of the basic materials company’s stock worth $1,259,000 after acquiring an additional 34,209 shares in the last quarter. Institutional investors own 63.37% of the company’s stock.

In related news, Director Murry Gerber bought 4,000 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was bought at an average cost of $26.89 per share, for a total transaction of $107,560.00. Following the completion of the purchase, the director now directly owns 168,457 shares in the company, valued at approximately $4,529,808.73. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin Bradley bought 22,835 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was bought at an average price of $27.62 per share, with a total value of $630,702.70. Following the completion of the purchase, the chief financial officer now owns 30,415 shares of the company’s stock, valued at $840,062.30. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 63,597 shares of company stock valued at $1,739,292. 1.00% of the stock is currently owned by insiders.

Shares of United States Steel Corporation (NYSE X) opened at 25.09 on Friday. The firm’s 50-day moving average price is $24.89 and its 200-day moving average price is $26.01. United States Steel Corporation has a 52-week low of $16.17 and a 52-week high of $41.83. The firm has a market capitalization of $4.39 billion, a PE ratio of 158.80 and a beta of 2.88.

United States Steel Corporation (NYSE:X) last issued its earnings results on Tuesday, July 25th. The basic materials company reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.66. United States Steel Corporation had a return on equity of 6.50% and a net margin of 0.24%. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the firm posted ($0.32) earnings per share. United States Steel Corporation’s quarterly revenue was up 21.7% compared to the same quarter last year. On average, equities analysts predict that United States Steel Corporation will post $1.74 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Wednesday, August 9th were paid a $0.05 dividend. The ex-dividend date was Monday, August 7th. This represents a $0.20 dividend on an annualized basis and a yield of 0.80%. United States Steel Corporation’s payout ratio is currently 125.00%.

X has been the subject of several analyst reports. Credit Suisse Group raised United States Steel Corporation from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $13.68 to $30.00 in a research report on Wednesday, May 24th. Standpoint Research raised United States Steel Corporation from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Wednesday, June 7th. They noted that the move was a valuation call. Argus upped their price objective on United States Steel Corporation to $1.48 and gave the stock a “buy” rating in a research report on Friday, July 28th. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of United States Steel Corporation in a research report on Wednesday, June 7th. Finally, Longbow Research raised United States Steel Corporation from a “neutral” rating to a “buy” rating in a research report on Monday, June 19th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $28.52.

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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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