First Dallas Securities buys $938,695 stake in United States Steel Corporation (X)

United States Steel Corporation (X) : First Dallas Securities scooped up 3,103 additional shares in United States Steel Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 36,826 shares of United States Steel Corporation which is valued at $938,695.United States Steel Corporation makes up approximately 0.70% of First Dallas Securities’s portfolio.

Other Hedge Funds, Including , Retirement Systems Of Alabama boosted its stake in X in the latest quarter, The investment management firm added 253 additional shares and now holds a total of 188,882 shares of United States Steel Corporation which is valued at $4,814,602. United States Steel Corporation makes up approx 0.03% of Retirement Systems Of Alabama’s portfolio.Louisiana State Employees Retirement System reduced its stake in X by selling 1,700 shares or 4.19% in the most recent quarter. The Hedge Fund company now holds 38,900 shares of X which is valued at $991,561. United States Steel Corporation makes up approx 0.05% of Louisiana State Employees Retirement System’s portfolio. Oakbrook Investments added X to its portfolio by purchasing 13,500 company shares during the most recent quarter which is valued at $285,660. United States Steel Corporation makes up approx 0.02% of Oakbrook Investments’s portfolio.Curian Capital reduced its stake in X by selling 25,031 shares or 63.11% in the most recent quarter. The Hedge Fund company now holds 14,630 shares of X which is valued at $278,409. United States Steel Corporation makes up approx 0.02% of Curian Capital’s portfolio.

United States Steel Corporation opened for trading at $26.44 and hit $27.64 on the upside on Friday, eventually ending the session at $27.49, with a gain of 2.19% or 0.59 points. The heightened volatility saw the trading volume jump to 1,65,17,863 shares. Company has a market cap of $4,034 M.

On the company’s financial health, United States Steel Corporation reported $-2.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.89 based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus of $-1.26. The company had revenue of $2341.00 million for the quarter, compared to analysts expectations of $2458.97 million. The company’s revenue was down -28.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.07 EPS.

Investors should note that on Jul 26, 2016, United States Steel Corporation announced a cash dividend of $0.0500. The company’s management has announced Aug 8, 2016 as the ex-dividend date and fixed the record date on Aug 10, 2016. The payable date has been fixed on Sep 10, 2016.

Many Wall Street Analysts have commented on United States Steel Corporation. United States Steel Corporation was Downgraded by BofA/Merrill to ” Underperform” on Jul 28, 2016. Company shares were Upgraded by Deutsche Bank on Jul 6, 2016 to ” Hold”, Firm has raised the Price Target to $ 15 from a previous price target of $8 .United States Steel Corporation was Upgraded by BofA/Merrill to ” Neutral” on Jun 15, 2016.

United States Steel Corporation (U. S. Steel) is a 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). The results of the Company’s railroad and real estate businesses are combined under the Other Businesses category. The Flat-rolled Products segment includes the operating results of all facilities within U. S. Steel’s integrated steel plants in the United States except the Fairfield pipe facility. The USSE segment includes the operating results of U. S. Steel Kosice (USSK) the Company’s steel plant and coke production facilities in Slovakia. The Tubular segment includes the operating results of U. S. Steel’s tubular production facilities primarily in the United States and equity investees in the United States and Brazil.

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