United States Steel Corporation (NYSE:X) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totalling 28,642,807 shares, a drop of 9.4% from the July 14th total of 31,628,804 shares. Approximately 16.6% of the shares of the stock are short sold. Based on an average daily volume of 20,938,192 shares, the short-interest ratio is presently 1.4 days.

X has been the subject of a number of research analyst reports. Longbow Research cut shares of United States Steel Corporation from a “buy” rating to a “neutral” rating in a research note on Thursday, July 27th. Argus lifted their target price on shares of United States Steel Corporation to $1.48 and gave the company a “buy” rating in a research note on Friday, July 28th. Cowen and Company cut shares of United States Steel Corporation from an “outperform” rating to a “market perform” rating and cut their target price for the company from $60.00 to $21.00 in a research note on Wednesday, May 10th. Macquarie upgraded shares of United States Steel Corporation from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $23.00 to $30.00 in a research note on Monday, April 24th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating on shares of United States Steel Corporation in a research note on Wednesday, June 7th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $27.36.

In other United States Steel Corporation news, Director Paul Anthony Mascarenas purchased 1,500 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was purchased at an average price of $19.31 per share, for a total transaction of $28,965.00. Following the completion of the purchase, the director now directly owns 12,377 shares in the company, valued at $238,999.87. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. boosted its position in shares of United States Steel Corporation by 1.7% in the second quarter. Ameritas Investment Partners Inc. now owns 52,267 shares of the basic materials company’s stock worth $1,157,000 after buying an additional 889 shares during the period. Capital Innovations LLC purchased a new position in shares of United States Steel Corporation during the second quarter worth approximately $580,000. California State Teachers Retirement System boosted its position in shares of United States Steel Corporation by 1.9% in the second quarter. California State Teachers Retirement System now owns 321,357 shares of the basic materials company’s stock worth $7,114,000 after buying an additional 6,028 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of United States Steel Corporation by 2.0% in the second quarter. The Manufacturers Life Insurance Company now owns 256,533 shares of the basic materials company’s stock worth $5,679,000 after buying an additional 4,911 shares during the period. Finally, Moors & Cabot Inc. boosted its position in shares of United States Steel Corporation by 45.8% in the second quarter. Moors & Cabot Inc. now owns 26,450 shares of the basic materials company’s stock worth $584,000 after buying an additional 8,306 shares during the period. Institutional investors own 69.00% of the company’s stock.

Shares of United States Steel Corporation (X) opened at 23.71 on Wednesday. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 150.06 and a beta of 2.88. The firm’s 50-day moving average is $23.26 and its 200-day moving average is $27.61. United States Steel Corporation has a 12-month low of $15.72 and a 12-month high of $41.83.

United States Steel Corporation (NYSE:X) last announced its earnings results on Tuesday, July 25th. The basic materials company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.66. United States Steel Corporation had a return on equity of 6.50% and a net margin of 0.24%. The company had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same period last year, the business posted ($0.32) EPS. United States Steel Corporation’s revenue for the quarter was up 21.7% on a year-over-year basis. Analysts predict that United States Steel Corporation will post $1.76 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Wednesday, August 9th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Monday, August 7th. United States Steel Corporation’s dividend payout ratio (DPR) is 125.00%.

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United States Steel Corporation Company Profile

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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