United States Steel Co. (NYSE:X) Shares Sold by Magnetar Financial LLC

Magnetar Financial LLC lessened its holdings in United States Steel Co. (NYSE:X) by 0.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 783,532 shares of the basic materials company’s stock after selling 3,236 shares during the period. Magnetar Financial LLC’s holdings in United States Steel were worth $29,618,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Personalized Indexing Management LLC grew its holdings in United States Steel by 0.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 26,880 shares of the basic materials company’s stock worth $1,016,000 after acquiring an additional 241 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of United States Steel by 28.7% in the 4th quarter. Parallel Advisors LLC now owns 1,363 shares of the basic materials company’s stock valued at $66,000 after acquiring an additional 304 shares during the last quarter. Diversified Trust Co increased its holdings in shares of United States Steel by 4.0% in the 1st quarter. Diversified Trust Co now owns 8,373 shares of the basic materials company’s stock valued at $341,000 after acquiring an additional 324 shares during the last quarter. Signaturefd LLC raised its position in shares of United States Steel by 8.3% during the 2nd quarter. Signaturefd LLC now owns 4,673 shares of the basic materials company’s stock worth $177,000 after acquiring an additional 360 shares in the last quarter. Finally, SummerHaven Investment Management LLC lifted its stake in United States Steel by 1.3% during the second quarter. SummerHaven Investment Management LLC now owns 30,529 shares of the basic materials company’s stock worth $1,154,000 after purchasing an additional 405 shares during the last quarter. Hedge funds and other institutional investors own 81.92% of the company’s stock.

Analysts Set New Price Targets

X has been the topic of a number of research analyst reports. Glj Research raised shares of United States Steel from a “sell” rating to a “buy” rating and set a $38.57 price objective on the stock in a report on Monday, September 9th. JPMorgan Chase & Co. raised United States Steel from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $40.00 to $42.00 in a report on Monday, September 9th. Morgan Stanley lifted their price target on United States Steel from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. StockNews.com began coverage on shares of United States Steel in a research note on Monday, August 19th. They set a “hold” rating for the company. Finally, BNP Paribas raised shares of United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 target price for the company in a report on Friday, September 6th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.76.

United States Steel Trading Up 2.3 %

Shares of United States Steel stock opened at $38.96 on Monday. The company has a 50-day moving average of $38.09 and a two-hundred day moving average of $38.57. The stock has a market cap of $8.76 billion, a PE ratio of 11.43 and a beta of 1.88. The company has a current ratio of 1.72, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. United States Steel Co. has a 12-month low of $26.92 and a 12-month high of $50.20.

United States Steel (NYSE:X) last released its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.72 by $0.12. United States Steel had a net margin of 3.40% and a return on equity of 7.93%. The business had revenue of $4.12 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the firm earned $1.92 EPS. The business’s revenue for the quarter was down 17.8% compared to the same quarter last year. On average, research analysts anticipate that United States Steel Co. will post 2.15 EPS for the current fiscal year.

United States Steel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 12th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Monday, August 12th. United States Steel’s payout ratio is 5.87%.

United States Steel Profile

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.