Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.01 Million Position in United States Steel Corporation (X)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in shares of United States Steel Corporation (NYSE:X) by 3.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,789 shares of the basic materials company’s stock after selling 973 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in United States Steel Corporation were worth $1,007,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of X. Texas Permanent School Fund boosted its position in United States Steel Corporation by 14.6% in the third quarter. Texas Permanent School Fund now owns 128,336 shares of the basic materials company’s stock valued at $2,420,000 after buying an additional 16,378 shares during the period. United States Steel & Carnegie Pension Fund bought a new position in United States Steel Corporation during the third quarter valued at approximately $70,982,000. BlackRock Group LTD raised its position in United States Steel Corporation by 1.5% in the third quarter. BlackRock Group LTD now owns 189,091 shares of the basic materials company’s stock valued at $3,567,000 after buying an additional 2,780 shares during the period. California State Teachers Retirement System raised its position in shares of United States Steel Corporation by 14.2% in the third quarter. California State Teachers Retirement System now owns 337,929 shares of the basic materials company’s stock worth $6,373,000 after buying an additional 41,900 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in shares of United States Steel Corporation by 1.5% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 18,566 shares of the basic materials company’s stock worth $350,000 after buying an additional 275 shares during the period. 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 (NYSE:X) traded up 3.17% during trading on Monday, hitting $20.80. 20,563,837 shares of the stock traded hands. The firm has a 50-day moving average price of $20.74 and a 200 day moving average price of $31.06. The company’s market cap is $3.63 billion. United States Steel Corporation has a 52-week low of $14.80 and a 52-week high of $41.83.

United States Steel Corporation (NYSE:X) last issued its quarterly earnings results on Tuesday, April 25th. The basic materials company reported ($0.83) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by $1.18. The company had revenue of $2.73 billion during 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 firm’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($2.15) earnings per share. On average, equities analysts expect that United States Steel Corporation will post $1.06 EPS for the current year.

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

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X has been the subject of a number of recent research reports. Vetr downgraded United States Steel Corporation from a “sell” rating to a “strong sell” rating and set a $31.06 price objective for the company. in a research report on Monday, February 27th. Cowen and Company raised United States Steel Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, February 27th. Axiom Securities reiterated a “sell” rating on shares of United States Steel Corporation in a research note on Friday, March 3rd. Deutsche Bank AG boosted their price target on shares of United States Steel Corporation from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, March 21st. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $35.00 price target on shares of United States Steel Corporation in a research report on Monday, February 27th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $29.49.

In other news, Director Paul Anthony Mascarenas acquired 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The stock was purchased at an average cost 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 approximately $238,999.87. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen J. Girsky acquired 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was purchased at an average price of $19.94 per share, with a total value of $49,850.00. Following the completion of the acquisition, the director now directly owns 21,872 shares of the company’s stock, valued at $436,127.68. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 14,000 shares of company stock valued at $278,415. Corporate insiders own 1.00% of the company’s stock.

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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