Texas Permanent School Fund Corp Acquires 3,131 Shares of United States Steel Co. (NYSE:X)

Texas Permanent School Fund Corp raised its holdings in United States Steel Co. (NYSE:X) by 1.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 195,806 shares of the basic materials company’s stock after buying an additional 3,131 shares during the quarter. Texas Permanent School Fund Corp’s holdings in United States Steel were worth $7,985,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its holdings in United States Steel by 308.3% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 331,492 shares of the basic materials company’s stock valued at $16,127,000 after buying an additional 250,311 shares during the period. FNY Investment Advisers LLC grew its holdings in shares of United States Steel by 16,065.0% in the 4th quarter. FNY Investment Advisers LLC now owns 32,330 shares of the basic materials company’s stock worth $1,572,000 after purchasing an additional 32,130 shares during the last quarter. Gabelli Funds LLC grew its holdings in shares of United States Steel by 436.4% in the 4th quarter. Gabelli Funds LLC now owns 214,300 shares of the basic materials company’s stock worth $10,426,000 after purchasing an additional 174,350 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of United States Steel by 4,057.9% in the 4th quarter. International Assets Investment Management LLC now owns 747,553 shares of the basic materials company’s stock worth $36,368,000 after purchasing an additional 729,574 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of United States Steel by 1,132.8% in the 4th quarter. SG Americas Securities LLC now owns 115,715 shares of the basic materials company’s stock worth $5,630,000 after purchasing an additional 106,329 shares during the last quarter. Institutional investors own 81.92% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Morgan Stanley raised shares of United States Steel from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $51.00 to $48.00 in a report on Monday, May 6th. JPMorgan Chase & Co. decreased their price objective on shares of United States Steel from $47.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. BMO Capital Markets raised shares of United States Steel from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $43.00 to $45.00 in a report on Wednesday, June 26th. StockNews.com initiated coverage on shares of United States Steel in a report on Wednesday. They set a “hold” rating on the stock. Finally, Jefferies Financial Group initiated coverage on shares of United States Steel in a report on Monday, May 20th. They set a “buy” rating and a $45.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, United States Steel has a consensus rating of “Hold” and a consensus price target of $40.38.

United States Steel Trading Up 1.4 %

Shares of X traded up $0.55 on Thursday, reaching $38.73. 2,179,713 shares of the company’s stock were exchanged, compared to its average volume of 3,890,317. United States Steel Co. has a 12 month low of $22.26 and a 12 month high of $50.20. The stock has a market capitalization of $8.71 billion, a P/E ratio of 11.40 and a beta of 1.93. The company has a current ratio of 1.71, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average price of $37.49 and a two-hundred day moving average price of $41.98.

United States Steel (NYSE:X) last announced its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. United States Steel had a net margin of 4.89% and a return on equity of 10.61%. The firm had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.22 billion. Research analysts anticipate that United States Steel Co. will post 2.6 earnings per share for the current year.

United States Steel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Monday, May 13th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.20 dividend on an annualized basis and a yield of 0.52%. United States Steel’s payout ratio is presently 5.87%.

About United States Steel

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.