Dimensional Fund Advisors LP Purchases 236,714 Shares of United States Steel Corporation (X)

Dimensional Fund Advisors LP raised its position in United States Steel Corporation (NYSE:X) by 7.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,245,149 shares of the basic materials company’s stock after purchasing an additional 236,714 shares during the quarter. Dimensional Fund Advisors LP owned 1.86% of United States Steel Corporation worth $71,851,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of 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 valued at $482,799,000 after acquiring an additional 14,161,952 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in shares of United States Steel Corporation in the second quarter valued at about $37,749,000. Vanguard Group Inc. increased its position in shares of 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 valued at $566,096,000 after acquiring an additional 1,539,412 shares during the last quarter. Hodges Capital Management Inc. increased its position in shares of United States Steel Corporation by 160.2% in the second quarter. Hodges Capital Management Inc. now owns 1,588,774 shares of the basic materials company’s stock valued at $35,175,000 after acquiring an additional 978,199 shares during the last quarter. Finally, Jennison Associates LLC acquired a new stake in shares of United States Steel Corporation in the second quarter valued at about $20,786,000. 63.95% of the stock is currently owned by hedge funds and other institutional investors.

Shares of United States Steel Corporation (NYSE:X) opened at 24.98 on Wednesday. The stock’s 50 day moving average price is $25.79 and its 200-day moving average price is $24.52. The company has a market cap of $4.37 billion, a PE ratio of 158.10 and a beta of 2.89. United States Steel Corporation has a one year low of $16.17 and a one year high of $41.83.

United States Steel Corporation (NYSE:X) last released its earnings results on Tuesday, July 25th. The basic materials company reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.66. United States Steel Corporation had a net margin of 0.24% and a return on equity of 6.50%. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the prior year, the firm earned ($0.32) EPS. The company’s revenue was up 21.7% compared to the same quarter last year. On average, analysts expect that United States Steel Corporation will post $1.73 EPS for the current year.

In other United States Steel Corporation news, Director Eugene Sperling acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was bought at an average cost of $25.16 per share, with a total value of $25,160.00. Following the acquisition, the director now owns 3,009 shares in the company, valued at $75,706.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Murry Gerber acquired 4,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was acquired at an average cost of $26.89 per share, with a total value of $107,560.00. Following the completion of the acquisition, the director now owns 168,457 shares in the company, valued at approximately $4,529,808.73. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 64,597 shares of company stock valued at $1,764,452. 1.00% of the stock is owned by insiders.

A number of analysts recently issued reports on X shares. Longbow Research downgraded United States Steel Corporation from a “buy” rating to a “neutral” rating in a research report on Thursday, July 27th. Argus lifted their target price on United States Steel Corporation to $1.48 and gave the company a “buy” rating in a research report on Friday, July 28th. Cowen and Company lifted their target price on United States Steel Corporation from $21.00 to $24.00 and gave the company a “market perform” rating in a research report on Thursday, July 27th. Citigroup Inc. raised United States Steel Corporation to a “hold” rating in a research report on Tuesday, June 13th. Finally, Macquarie started coverage on United States Steel Corporation in a research report on Wednesday, September 6th. They issued an “outperform” rating and a $31.00 target price on the stock. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $28.29.

WARNING: “Dimensional Fund Advisors LP Purchases 236,714 Shares of United States Steel Corporation (X)” was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this story on another publication, it was illegally copied and republished in violation of U.S. and international copyright and trademark laws. The original version of this story can be viewed at https://sportsperspectives.com/2017/10/11/dimensional-fund-advisors-lp-purchases-236714-shares-of-united-states-steel-corporation-x.html.

United States Steel Corporation 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).

Want to see what other hedge funds are holding X? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United States Steel Corporation (NYSE:X).

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

Receive News & Ratings for United States Steel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Steel Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply