Texas Permanent School Fund Corp Sells 10,029 Shares of United States Steel Co. (NYSE:X)

Texas Permanent School Fund Corp lowered its stake in shares of United States Steel Co. (NYSE:XFree Report) by 5.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 189,362 shares of the basic materials company’s stock after selling 10,029 shares during the period. Texas Permanent School Fund Corp owned approximately 0.08% of United States Steel worth $6,150,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in X. ICA Group Wealth Management LLC bought a new stake in United States Steel in the 4th quarter valued at approximately $28,000. Wolff Wiese Magana LLC lifted its stake in United States Steel by 181.4% in the 3rd quarter. Wolff Wiese Magana LLC now owns 985 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 635 shares in the last quarter. Fifth Third Bancorp lifted its stake in United States Steel by 60.8% in the 3rd quarter. Fifth Third Bancorp now owns 1,270 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 480 shares in the last quarter. National Bank of Canada FI lifted its stake in United States Steel by 171.1% in the 2nd quarter. National Bank of Canada FI now owns 1,803 shares of the basic materials company’s stock valued at $45,000 after acquiring an additional 1,138 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new stake in United States Steel in the 1st quarter valued at approximately $48,000. Institutional investors own 74.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Royal Bank of Canada lowered their price target on United States Steel from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research report on Tuesday, October 31st. JPMorgan Chase & Co. assumed coverage on United States Steel in a research report on Friday, January 12th. They set a “neutral” rating and a $52.00 price target on the stock. Barclays lowered their price target on United States Steel from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 1st. StockNews.com assumed coverage on United States Steel in a research report on Friday. They set a “hold” rating on the stock. Finally, Argus lowered United States Steel from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, United States Steel currently has an average rating of “Hold” and an average target price of $31.56.

View Our Latest Report on X

Insider Activity

In other news, CEO David B. Burritt sold 252,458 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $50.01, for a total value of $12,625,424.58. Following the transaction, the chief executive officer now owns 581,609 shares in the company, valued at $29,086,266.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other United States Steel news, SVP Daniel R. Brown sold 5,000 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $49.77, for a total value of $248,850.00. Following the completion of the sale, the senior vice president now directly owns 86,968 shares of the company’s stock, valued at $4,328,397.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David B. Burritt sold 252,458 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $50.01, for a total value of $12,625,424.58. Following the completion of the sale, the chief executive officer now directly owns 581,609 shares of the company’s stock, valued at $29,086,266.09. The disclosure for this sale can be found here. Insiders have sold 262,458 shares of company stock worth $13,049,275 over the last 90 days. 0.98% of the stock is currently owned by corporate insiders.

United States Steel Trading Down 0.2 %

Shares of X stock opened at $46.29 on Monday. The stock has a market cap of $10.36 billion, a price-to-earnings ratio of 13.19 and a beta of 2.04. The stock has a 50-day moving average of $45.58 and a 200-day moving average of $36.46. The company has a current ratio of 1.76, a quick ratio of 1.22 and a debt-to-equity ratio of 0.37. United States Steel Co. has a 1-year low of $20.40 and a 1-year high of $50.20.

United States Steel (NYSE:XGet Free Report) last released its earnings results on Friday, February 2nd. The basic materials company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.21 by $0.46. United States Steel had a return on equity of 10.80% and a net margin of 4.96%. The business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter last year, the firm posted $0.87 earnings per share. The firm’s revenue was down 4.5% on a year-over-year basis. On average, equities research analysts forecast that United States Steel Co. will post 2.92 earnings per share for the current year.

United States Steel Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 13th. Stockholders of record on Monday, February 12th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.43%. United States Steel’s dividend payout ratio is presently 5.70%.

United States Steel Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for United States Steel (NYSE:X)

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