United States Steel Corporation (NYSE:X) Earns Sell Rating from Axiom Securities

Andrew Cummings
August 2, 2017

Also, Director Paul Anthony Mascarenas purchased 1,500 shares of the firm's stock in a transaction dated Thursday, May 18th. Corporate insiders own 1.00% of the company's stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Following the completion of the purchase, the director now directly owns 21,872 shares in the company, valued at approximately $436,127.68. The disclosure for this purchase can be found here.

Shares of United States Steel Corporation (X) traded down 3.28% during trading on Friday, reaching $22.72.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL raised its stake in United States Steel Corporation by 160.8% in the first quarter. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Global X Management Co. Dimensional Fund Advisors LP boosted its stake in Timken Steel Corporation by 27.7% in the fourth quarter. LLC now owns 5,473 shares of the basic materials company's stock worth $121,000 after buying an additional 3,768 shares in the last quarter.

Recent session action on shares of New Gold Inc. Hodges Capital Management Inc. now owns 1,588,774 shares of the basic materials company's stock valued at $35,175,000 after buying an additional 978,199 shares during the period. Emerald Advisers Inc. PA purchased a new stake in Timken Steel Corporation during the first quarter valued at $14,882,000.

X has been the topic of several research reports. United States Steel Corporation had 73 analyst reports since July 30, 2015 according to SRatingsIntel. J P Morgan Chase & Co reiterated an "overweight" rating and set a $51.00 price objective on shares of United States Steel Corporation in a research report on Thursday, July 27th. Moreover, Sanctuary Wealth Advisors Llc has 2.89% invested in the company for 318,892 shares.

Among 22 analysts covering United States Steel Corporation (NYSE:X), 8 have Buy rating, 3 Sell and 11 Hold. The Point72 Asset Management Lp holds 1.29 million shares with $42.48M value, up from 204,600 last quarter. Jefferies Group LLC decreased their target price on Timken Steel Corporation from $18.00 to $16.50 and set a "hold" rating for the company in a research report on Wednesday, April 19th. The Market Cap of the company is $4.37 Billion.

AK Steel Holding Corporation (NYSE:AKS), stock is trading $11.39 above the 52-week high and has displayed a high EPS growth of 52.60% in last 5 years. The share price has moved backward from its 20 days moving average -13.47% and negatively from its 50 days moving average -13.09%. BlackRock Inc. raised its stake in United States Steel Corporation by 12,021.7% in the first quarter. Its revenue totaled $1.55 billion up 0.78% from the previous quarter.

United States Steel Corporation, launched on May 25, 2001, is an integrated steel producer.

Wall Street analysts are predicting that Superior Energy Services (NYSE:SPN) will report earnings per share of $-0.32 in their quarterly report. The stock now has Weekly Volatility of 7.79% and Monthly Volatility of 5.70%.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Wednesday, August 9th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Monday, August 7th.

Currently, EPS of United States Steel Corp.

ILLEGAL ACTIVITY NOTICE: "United States Steel Corporation (X) Given Daily Media Sentiment Score of 0.40" was originally posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this news story on another domain, it was illegally copied and republished in violation of US & global copyright and trademark legislation. The legal version of this story can be read at https://rinconhillneighbors.org/2017/08/02/louisiana-state-employees-retirement-system-has-842000-stake-in-ak-steel-holding-corporation-nyseaks.html. These operations produce flat-rolled carbon, specialty stainless and electrical steels that it sells in sheet and strip form, and carbon and stainless steel that it finishes into welded steel tubing.

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