06 September, 2017
United States Steel Corporation (NYSE:X) gapped up prior to trading on Tuesday.
The stock decreased 0.89% or $0.24 during the last trading session, reaching $26.61.
This company has been competing with others in the Basic Materials space and offers its own combination of interesting factors United States Steel Corporation (X) now trades with a market capitalization of $4.76 Billion.
A number of equities research analysts recently weighed in on the stock. United States Steel Corporation has a 12-month low of $15.72 and a 12-month high of $41.83. Jefferies Group LLC restated a "buy" rating and issued a $32.00 target price on shares of United States Steel Corporation in a report on Thursday, August 31st. Standpoint Research upgraded shares of United States Steel Corporation from a "hold" rating to a "buy" rating and set a $28.00 target price for the company in a research note on Wednesday, June 7th. Of those analysts, 5 rate stock as a Strong Buy, 6 rate it as Hold, and just no analyst rates it as a Moderate Sell.
United States Steel Corporation (NYSE:X) last released its quarterly earnings results on Tuesday, July 25th. The total amount of shares outstanding is 174.00 million, giving the company a market capitalization of about 4.63 billion.
Shares are trading at $26.61 which is quite a bit above the 50 day moving average of $24.15 and slightly below the 200 day moving average of $26.90. Texas Permanent School Fund increased its holdings in United States Steel Corporation by 0.3% in the 1st quarter. The basic materials company reported $1.07 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.41 by $0.66. United States Steel Corporation had a net margin of 0.24% and a return on equity of 6.50%. Analysts expect next quarter's EPS will be $0.73 and the next full year EPS is anticipated to be $2.23. The firm's revenue for the quarter was up 21.7% compared to the same quarter a year ago. Pacer Advisors Inc. lifted its stake in shares of United States Steel Corporation by 11.5% in the second quarter.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. The ex-dividend date will be Monday August 7th, 2017. The dividend payment will be $0.050 per share for the quarter or $0.20 annualized. United States Steel Corporation's payout ratio is 125.00%.
According to United States Steel Corporation's latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 64.32%. Vanguard Group Inc. now owns 16,743,496 shares of the basic materials company's stock valued at $566,096,000 after buying an additional 1,539,412 shares during the period. The rating was upgraded by Deutsche Bank to "Hold - Buy" on Friday, June 23. Capstone Asset Management Co. now owns 14,831 shares of the basic materials company's stock valued at $501,000 after buying an additional 850 shares during the last quarter. Jane Street Group, LLC expanded its position by buying 120,491 shares an increase of 118.0%. State Street Corp now owns 5,889,434 shares of the basic materials company's stock valued at $130,394,000 after buying an additional 341,591 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of United States Steel Corporation by 251.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,245,149 shares of the basic materials company's stock valued at $71,851,000 after buying an additional 236,714 shares during the period. Finally, Public Employees Retirement Association of Colorado increased its holdings in United States Steel Corporation by 1.9% in the 2nd quarter. Capstone Asset Management Co. now owns 15,371 shares of the basic materials company's stock valued at $340,000 after purchasing an additional 540 shares during the period.
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United States Steel Corporation, launched on May 25, 2001, is an integrated steel producer. The Firm is engaged in producing flat-rolled and tubular products with production activities in North America and Europe.
