Private Advisor Group LLC Buys 3,911 Shares of United States Steel Co. (NYSE:X)

Private Advisor Group LLC grew its stake in shares of United States Steel Co. (NYSE:X) by 5.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 75,817 shares of the basic materials company’s stock after acquiring an additional 3,911 shares during the period. Private Advisor Group LLC’s holdings in United States Steel were worth $1,161,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of United States Steel by 5.4% during the 1st quarter. BlackRock Inc. now owns 16,577,232 shares of the basic materials company’s stock valued at $323,090,000 after acquiring an additional 846,135 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of United States Steel by 3.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,304,508 shares of the basic materials company’s stock valued at $35,282,000 after buying an additional 80,654 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of United States Steel by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 1,844,328 shares of the basic materials company’s stock valued at $33,639,000 after buying an additional 108,829 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of United States Steel by 402.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,475,957 shares of the basic materials company’s stock valued at $22,597,000 after buying an additional 1,181,957 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of United States Steel by 84.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,265,209 shares of the basic materials company’s stock valued at $19,370,000 after buying an additional 579,394 shares in the last quarter. 60.77% of the stock is owned by hedge funds and other institutional investors.

NYSE X traded up $0.20 on Monday, hitting $11.01. The stock had a trading volume of 371,579 shares, compared to its average volume of 12,439,735. United States Steel Co. has a 52-week low of $10.16 and a 52-week high of $30.91. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.41. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 2.06, a price-to-earnings-growth ratio of 2.03 and a beta of 3.01. The firm has a 50-day moving average of $11.91 and a 200-day moving average of $15.05.



United States Steel (NYSE:X) last posted its earnings results on Thursday, August 1st. The basic materials company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.05. United States Steel had a net margin of 6.95% and a return on equity of 19.27%. The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same period in the prior year, the company posted $1.46 EPS. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, research analysts anticipate that United States Steel Co. will post 0.45 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 14th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend was Tuesday, August 13th. United States Steel’s dividend payout ratio is presently 3.73%.

A number of analysts recently commented on the stock. Macquarie cut shares of United States Steel from an “outperform” rating to an “underperform” rating and dropped their price target for the company from $18.00 to $9.00 in a research note on Thursday. Credit Suisse Group dropped their price target on shares of United States Steel from $9.00 to $8.00 and set an “underperform” rating on the stock in a research note on Thursday. Deutsche Bank cut shares of United States Steel from a “hold” rating to a “sell” rating and set a $12.64 price target on the stock. in a research note on Thursday, May 30th. JPMorgan Chase & Co. cut shares of United States Steel from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $26.00 to $14.00 in a research note on Monday. Finally, ValuEngine cut shares of United States Steel from a “sell” rating to a “strong sell” rating in a research note on Monday, August 26th. Seven investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $17.70.

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: North American Flat-Rolled (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets and tin mill products, as well as all iron ore and coke.

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

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