United States Steel Corporation (X) is Trexquant Investment LP’s 5th Largest Position

Trexquant Investment LP increased its position in United States Steel Corporation (NYSE:X) by 60.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 89,200 shares of the basic materials company’s stock after buying an additional 33,641 shares during the period. United States Steel Corporation comprises approximately 0.5% of Trexquant Investment LP’s holdings, making the stock its 5th largest position. Trexquant Investment LP owned approximately 0.05% of United States Steel Corporation worth $1,975,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. 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. Global X Management Co. LLC boosted its stake in shares of United States Steel Corporation by 221.0% in the second quarter. Global X Management Co. LLC now owns 5,473 shares of the basic materials company’s stock worth $121,000 after buying an additional 3,768 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of United States Steel Corporation during the first quarter worth about $209,000. Acrospire Investment Management LLC boosted its stake in shares of 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 during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of 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 during the period. 69.00% of the stock is owned by institutional investors and hedge funds.

Shares of United States Steel Corporation (X) traded down 0.21% during mid-day trading on Friday, hitting $23.70. 10,129,433 shares of the stock were exchanged. The stock has a market cap of $4.15 billion, a PE ratio of 150.00 and a beta of 2.88. The stock’s 50 day moving average is $23.42 and its 200-day moving average is $27.50. United States Steel Corporation has a 12 month low of $15.72 and a 12 month high of $41.83. United States Steel Corporation also was the recipient of some unusual options trading on Wednesday. Stock investors bought 59,061 call options on the company. This represents an increase of approximately 114% compared to the typical daily volume of 27,624 call options.

United States Steel Corporation (NYSE:X) last issued its earnings results on Tuesday, July 25th. The basic materials company reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.66. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $2.98 billion. United States Steel Corporation had a return on equity of 6.50% and a net margin of 0.24%. United States Steel Corporation’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.32) earnings per share. On average, analysts anticipate that United States Steel Corporation will post $1.76 EPS for the current 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 given a $0.05 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $0.20 dividend on an annualized basis and a yield of 0.84%. United States Steel Corporation’s dividend payout ratio is currently 125.00%.

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A number of brokerages have recently issued reports on X. Barclays PLC reaffirmed an “equal weight” rating and issued a $25.00 price objective (up previously from $24.00) on shares of United States Steel Corporation in a research note on Wednesday, August 9th. 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. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $51.00 price objective on shares of United States Steel Corporation in a research note on Thursday, July 27th. Cowen and Company upped their price target on shares of United States Steel Corporation from $21.00 to $24.00 and gave the company a “market perform” rating in a report on Thursday, July 27th. Finally, Axiom Securities reiterated a “sell” rating and set a $14.00 price target on shares of United States Steel Corporation in a report on Wednesday, June 14th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. The stock presently has a consensus 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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