Skylands Capital LLC Purchases Shares of 30,900 United States Steel Corporation (NYSE:X)

Skylands Capital LLC acquired a new position in shares of United States Steel Corporation (NYSE:X) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 30,900 shares of the basic materials company’s stock, valued at approximately $684,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its position in United States Steel Corporation by 1,971.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,315 shares of the basic materials company’s stock worth $112,000 after buying an additional 3,155 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in United States Steel Corporation during the first quarter worth about $209,000. Acrospire Investment Management LLC boosted its position in United States Steel Corporation by 241.1% in the first quarter. Acrospire Investment Management LLC now owns 6,212 shares of the basic materials company’s stock worth $210,000 after buying an additional 4,391 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in United States Steel Corporation by 21.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,301 shares of the basic materials company’s stock worth $213,000 after buying an additional 1,112 shares in the last quarter. Finally, FNY Partners Fund LP boosted its position in shares of United States Steel Corporation by 272.2% in the first quarter. FNY Partners Fund LP now owns 6,700 shares of the basic materials company’s stock valued at $226,000 after buying an additional 4,900 shares during the period. Hedge funds and other institutional investors own 69.00% of the company’s stock.

United States Steel Corporation (NYSE:X) traded down 0.21% on Friday, reaching $23.70. 10,129,433 shares of the company’s stock traded hands. United States Steel Corporation has a 52 week low of $15.72 and a 52 week high of $41.83. The firm has a market capitalization of $4.15 billion, a P/E ratio of 150.00 and a beta of 2.88. The stock has a 50-day moving average of $23.42 and a 200 day moving average of $27.50. United States Steel Corporation also was the recipient of unusually large options trading on Wednesday. Investors purchased 59,061 call options on the company. This is an increase of approximately 114% compared to the typical volume of 27,624 call options.

United States Steel Corporation (NYSE:X) last issued its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $1.07 EPS for the quarter, topping 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 analyst estimates of $2.98 billion. During the same period in the previous year, the company earned ($0.32) earnings per share. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. On average, equities analysts expect that United States Steel Corporation will post $1.76 EPS for the current fiscal year.

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

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Several research analysts recently issued reports on X shares. J P Morgan Chase & Co reissued an “overweight” rating and set a $46.00 target price on shares of United States Steel Corporation in a report on Monday, May 1st. Credit Suisse Group raised shares of United States Steel Corporation from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $13.68 to $30.00 in a report on Wednesday, May 24th. Standpoint Research upgraded shares of United States Steel Corporation from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Wednesday, June 7th. They noted that the move was a valuation call. Morgan Stanley restated a “buy” rating and set a $34.00 price target (down previously from $48.00) on shares of United States Steel Corporation in a research report on Monday, May 1st. Finally, Argus raised their price target on shares of United States Steel Corporation to $1.48 and gave the company a “buy” rating in a research report on Friday, July 28th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $27.36.

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).

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

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