Capital Innovations LLC Takes Position in United States Steel Corporation (X)

Capital Innovations LLC bought a new position in United States Steel Corporation (NYSE:X) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,180 shares of the basic materials company’s stock, valued at approximately $580,000. United States Steel Corporation comprises about 2.2% of Capital Innovations LLC’s investment portfolio, making the stock its 12th biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tudor Investment Corp ET AL grew its stake in shares of United States Steel Corporation by 160.8% in the first quarter. Tudor Investment Corp ET AL now owns 30,407 shares of the basic materials company’s stock worth $1,028,000 after purchasing an additional 80,407 shares during the last quarter. Scopus Asset Management L.P. boosted its position in United States Steel Corporation by 203.3% during the 1st quarter. Scopus Asset Management L.P. now owns 206,600 shares of the basic materials company’s stock valued at $6,985,000 after acquiring an additional 406,600 shares in the last quarter. BlackRock Inc. boosted its position in United States Steel Corporation by 12,021.7% during the 1st 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 in the last quarter. Regal Investment Advisors LLC boosted its position in United States Steel Corporation by 29.2% during the 2nd quarter. Regal Investment Advisors LLC now owns 24,168 shares of the basic materials company’s stock valued at $535,000 after acquiring an additional 5,460 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in United States Steel Corporation by 150.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 56,881 shares of the basic materials company’s stock valued at $1,259,000 after acquiring an additional 34,209 shares in the last quarter. 63.95% of the stock is currently owned by institutional investors.

X has been the topic of several research reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $32.00 price objective on shares of United States Steel Corporation in a research report on Thursday, August 31st. BidaskClub raised United States Steel Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Bank of America Corporation raised United States Steel Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $29.00 to $31.00 in a research report on Tuesday, September 5th. Cowen and Company reaffirmed a “hold” rating and set a $24.00 price objective on shares of United States Steel Corporation in a research report on Friday, September 1st. Finally, Deutsche Bank AG raised United States Steel Corporation from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Friday, June 23rd. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. United States Steel Corporation has an average rating of “Hold” and a consensus target price of $28.29.

Shares of United States Steel Corporation (NYSE X) traded down 0.76% during trading on Tuesday, reaching $24.83. 4,583,243 shares of the company were exchanged. The company’s 50-day moving average is $25.74 and its 200 day moving average is $24.58. The firm has a market capitalization of $4.34 billion, a PE ratio of 157.15 and a beta of 2.89. United States Steel Corporation has a 1-year low of $16.17 and a 1-year high of $41.83.

United States Steel Corporation (NYSE:X) last posted 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. United States Steel Corporation had a net margin of 0.24% and a return on equity of 6.50%. The company had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the prior year, the company posted ($0.32) earnings per share. United States Steel Corporation’s revenue for the quarter was up 21.7% compared to the same quarter last year. Equities research analysts expect that United States Steel Corporation will post $1.73 EPS for the current fiscal year.

In other news, CFO Kevin Bradley bought 22,835 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was bought at an average price of $27.62 per share, with a total value of $630,702.70. Following the completion of the transaction, the chief financial officer now directly owns 30,415 shares of the company’s stock, valued at approximately $840,062.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eugene Sperling bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were purchased at an average cost of $25.16 per share, with a total value of $25,160.00. Following the transaction, the director now directly owns 3,009 shares of the company’s stock, valued at $75,706.44. The disclosure for this purchase can be found here. Insiders have purchased 64,597 shares of company stock valued at $1,764,452 in the last three months. 1.00% of the stock is currently owned by corporate insiders.

TRADEM

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tudor Investment Corp ET AL grew its stake in shares of United States Steel Corporation by 160.8% in the first quarter. Tudor Investment Corp ET AL now owns 30,407 shares of the basic materials company’s stock worth $1,028,000 after purchasing an additional 80,407 shares during the last quarter. Scopus Asset Management L.P. boosted its position in United States Steel Corporation by 203.3% during the 1st quarter. Scopus Asset Management L.P. now owns 206,600 shares of the basic materials company’s stock valued at $6,985,000 after acquiring an additional 406,600 shares in the last quarter. BlackRock Inc. boosted its position in United States Steel Corporation by 12,021.7% during the 1st 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 in the last quarter. Regal Investment Advisors LLC boosted its position in United States Steel Corporation by 29.2% during the 2nd quarter. Regal Investment Advisors LLC now owns 24,168 shares of the basic materials company’s stock valued at $535,000 after acquiring an additional 5,460 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in United States Steel Corporation by 150.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 56,881 shares of the basic materials company’s stock valued at $1,259,000 after acquiring an additional 34,209 shares in the last quarter. 63.95% of the stock is currently owned by institutional investors.

X has been the topic of several research reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $32.00 price objective on shares of United States Steel Corporation in a research report on Thursday, August 31st. BidaskClub raised United States Steel Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Bank of America Corporation raised United States Steel Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $29.00 to $31.00 in a research report on Tuesday, September 5th. Cowen and Company reaffirmed a “hold” rating and set a $24.00 price objective on shares of United States Steel Corporation in a research report on Friday, September 1st. Finally, Deutsche Bank AG raised United States Steel Corporation from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Friday, June 23rd. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. United States Steel Corporation has an average rating of “Hold” and a consensus target price of $28.29.

Shares of United States Steel Corporation (NYSE X) traded down 0.76% during trading on Tuesday, reaching $24.83. 4,583,243 shares of the company were exchanged. The company’s 50-day moving average is $25.74 and its 200 day moving average is $24.58. The firm has a market capitalization of $4.34 billion, a PE ratio of 157.15 and a beta of 2.89. United States Steel Corporation has a 1-year low of $16.17 and a 1-year high of $41.83.

United States Steel Corporation (NYSE:X) last posted 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. United States Steel Corporation had a net margin of 0.24% and a return on equity of 6.50%. The company had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the prior year, the company posted ($0.32) earnings per share. United States Steel Corporation’s revenue for the quarter was up 21.7% compared to the same quarter last year. Equities research analysts expect that United States Steel Corporation will post $1.73 EPS for the current fiscal year.

In other news, CFO Kevin Bradley bought 22,835 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was bought at an average price of $27.62 per share, with a total value of $630,702.70. Following the completion of the transaction, the chief financial officer now directly owns 30,415 shares of the company’s stock, valued at approximately $840,062.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eugene Sperling bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were purchased at an average cost of $25.16 per share, with a total value of $25,160.00. Following the transaction, the director now directly owns 3,009 shares of the company’s stock, valued at $75,706.44. The disclosure for this purchase can be found here. Insiders have purchased 64,597 shares of company stock valued at $1,764,452 in the last three months. 1.00% of the stock is currently owned by corporate insiders.

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About United States Steel Corporation

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

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