United States Steel Corporation (NYSE:X) was upgraded by equities researchers at Longbow Research from a “neutral” rating to a “buy” rating in a report released on Monday, Marketbeat.com reports.

Several other research analysts also recently commented on X. BMO Capital Markets reissued a “market perform” rating on shares of United States Steel Corporation in a report on Friday. Axiom Securities reissued a “sell” rating and set a $14.00 price objective on shares of United States Steel Corporation in a report on Wednesday, June 14th. Cowen and Company set a $21.00 price objective on shares of United States Steel Corporation and gave the company a “hold” rating in a report on Thursday. Rosenblatt Securities reissued a “neutral” rating and set a $35.00 price objective on shares of United States Steel Corporation in a report on Monday, February 27th. Finally, Citigroup Inc. raised shares of United States Steel Corporation to a “hold” rating in a report on Tuesday, June 13th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $29.49.

Analyst Recommendations for United States Steel Corporation (NYSE:X)

United States Steel Corporation (NYSE X) traded up 3.08% during midday trading on Monday, reaching $20.78. The company’s stock had a trading volume of 12,188,748 shares. United States Steel Corporation has a one year low of $14.80 and a one year high of $41.83. The firm has a 50 day moving average price of $20.74 and a 200 day moving average price of $31.06. The firm’s market cap is $3.63 billion.

United States Steel Corporation (NYSE:X) last issued its earnings results on Tuesday, April 25th. The basic materials company reported ($0.83) earnings per share for the quarter, missing the consensus estimate of $0.35 by $1.18. United States Steel Corporation had a negative return on equity of 3.48% and a negative net margin of 2.63%. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.91 billion. During the same period in the prior year, the company posted ($2.15) EPS. The company’s quarterly revenue was up 16.4% on a year-over-year basis. Equities research analysts forecast that United States Steel Corporation will post $1.06 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Wednesday, May 10th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Monday, May 8th. United States Steel Corporation’s dividend payout ratio (DPR) is currently -12.20%.

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In other news, Director David Sutherland acquired 10,000 shares of United States Steel Corporation stock in a transaction that occurred on Friday, May 12th. The shares were bought at an average cost of $19.96 per share, with a total value of $199,600.00. Following the transaction, the director now directly owns 98,919 shares of the company’s stock, valued at approximately $1,974,423.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul Anthony Mascarenas acquired 1,500 shares of United States Steel Corporation 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 transaction, the director now directly owns 12,377 shares in the company, valued at $238,999.87. The disclosure for this purchase can be found here. Insiders purchased a total of 14,000 shares of company stock worth $278,415 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of X. BlackRock Inc. raised its stake in United States Steel Corporation by 12,021.7% in the first quarter. BlackRock Inc. now owns 14,279,755 shares of the basic materials company’s stock worth $482,799,000 after buying an additional 14,161,952 shares during the period. Vanguard Group Inc. raised its stake in United States Steel Corporation by 10.1% in the first quarter. Vanguard Group Inc. now owns 16,743,496 shares of the basic materials company’s stock worth $566,096,000 after buying an additional 1,539,412 shares during the period. Luminus Management LLC purchased a new stake in United States Steel Corporation during the fourth quarter worth $48,851,000. Norges Bank purchased a new stake in United States Steel Corporation during the fourth quarter worth $40,853,000. Finally, Teachers Advisors LLC raised its stake in United States Steel Corporation by 80.3% in the fourth quarter. Teachers Advisors LLC now owns 1,674,060 shares of the basic materials company’s stock worth $55,261,000 after buying an additional 745,669 shares during the period. 70.75% of the stock is currently owned by institutional investors.

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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