United States Steel Corporation (X) Stake Held by Utah Retirement Systems

Utah Retirement Systems held its position in shares of United States Steel Corporation (NYSE:X) during the first quarter, Holdings Channel reports. The institutional investor owned 28,047 shares of the basic materials company’s stock at the end of the first quarter. Utah Retirement Systems’ holdings in United States Steel Corporation were worth $948,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new stake in United States Steel Corporation during the fourth quarter worth $5,155,000. Comerica Bank increased its stake in United States Steel Corporation by 7.8% in the fourth quarter. Comerica Bank now owns 130,187 shares of the basic materials company’s stock worth $4,257,000 after buying an additional 9,369 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in United States Steel Corporation by 14.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,762 shares of the basic materials company’s stock worth $1,015,000 after buying an additional 3,915 shares during the period. Federated Investors Inc. PA increased its stake in United States Steel Corporation by 0.8% in the fourth quarter. Federated Investors Inc. PA now owns 91,909 shares of the basic materials company’s stock worth $3,034,000 after buying an additional 686 shares during the period. Finally, Pacad Investment Ltd. acquired a new stake in United States Steel Corporation during the fourth quarter worth $573,000. Institutional investors own 70.75% of the company’s stock.

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

United States Steel Corporation (X) traded up 0.841% during trading on Tuesday, hitting $20.975. The stock had a trading volume of 5,530,849 shares. The firm’s 50-day moving average price is $20.70 and its 200-day moving average price is $30.97. United States Steel Corporation has a 1-year low of $14.80 and a 1-year high of $41.83. The stock’s market cap is $3.66 billion.

United States Steel Corporation (NYSE:X) last released its quarterly earnings data on Tuesday, April 25th. The basic materials company reported ($0.83) earnings per share for the quarter, missing the consensus estimate of $0.35 by $1.18. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.91 billion. United States Steel Corporation had a negative return on equity of 3.48% and a negative net margin of 2.63%. The business’s revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($2.15) earnings per share. On average, equities research analysts predict that United States Steel Corporation will post $1.06 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Wednesday, May 10th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Monday, May 8th. United States Steel Corporation’s dividend payout ratio is presently -12.20%.

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X has been the topic of a number of analyst reports. Deutsche Bank AG lifted their price target on United States Steel Corporation from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, March 21st. Vetr downgraded United States Steel Corporation from a “strong-buy” rating to a “buy” rating and set a $38.38 price target on the stock. in a research note on Tuesday, April 11th. Macquarie upgraded United States Steel Corporation from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $23.00 to $30.00 in a research note on Monday, April 24th. Standpoint Research upgraded United States Steel Corporation from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Wednesday, June 7th. They noted that the move was a valuation call. Finally, Bank of America Corporation downgraded United States Steel Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 26th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $29.44.

In other United States Steel Corporation news, Director Paul Anthony Mascarenas bought 1,500 shares of United States Steel Corporation stock in a transaction dated Thursday, May 18th. The stock was bought at an average price of $19.31 per share, for a total transaction of $28,965.00. Following the completion of the acquisition, the director now directly owns 12,377 shares of the company’s stock, valued at $238,999.87. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David Sutherland bought 10,000 shares of United States Steel Corporation stock in a transaction dated Friday, May 12th. The stock was acquired at an average price of $19.96 per share, with a total value of $199,600.00. Following the acquisition, the director now directly owns 98,919 shares of the company’s stock, valued at $1,974,423.24. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 14,000 shares of company stock valued at $278,415. Corporate insiders own 1.00% of the company’s stock.

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).

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