First Dallas Securities Inc. Has $2.90 Million Stake in United States Steel Co. (X)

First Dallas Securities Inc. grew its stake in United States Steel Co. (NYSE:X) by 146.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 95,222 shares of the basic materials company’s stock after purchasing an additional 56,654 shares during the quarter. United States Steel comprises approximately 1.8% of First Dallas Securities Inc.’s holdings, making the stock its 14th largest holding. First Dallas Securities Inc. owned 0.05% of United States Steel worth $2,902,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of X. Advisors Preferred LLC increased its position in shares of United States Steel by 131.7% in the 2nd quarter. Advisors Preferred LLC now owns 3,074 shares of the basic materials company’s stock valued at $107,000 after buying an additional 1,747 shares in the last quarter. Exane Derivatives increased its position in shares of United States Steel by 364,000.0% in the 3rd quarter. Exane Derivatives now owns 3,641 shares of the basic materials company’s stock valued at $112,000 after buying an additional 3,640 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of United States Steel in the 3rd quarter valued at $143,000. NuWave Investment Management LLC bought a new stake in shares of United States Steel in the 2nd quarter valued at $189,000. Finally, Syntal Capital Partners LLC bought a new stake in shares of United States Steel in the 2nd quarter valued at $208,000. 67.96% of the stock is currently owned by institutional investors.

A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded United States Steel from a “hold” rating to a “strong-buy” rating and set a $40.00 target price for the company in a report on Sunday, July 8th. TheStreet upgraded United States Steel from a “c” rating to a “b” rating in a report on Thursday, August 2nd. ValuEngine cut United States Steel from a “hold” rating to a “sell” rating in a report on Friday, August 17th. Credit Suisse Group lowered their target price on United States Steel from $55.00 to $48.00 in a report on Thursday, August 23rd. Finally, Morgan Stanley cut United States Steel from an “overweight” rating to an “underweight” rating and lowered their target price for the stock from $44.00 to $30.00 in a report on Monday, August 27th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $40.72.

Shares of NYSE X opened at $26.58 on Thursday. The stock has a market capitalization of $4.49 billion, a PE ratio of 13.70, a P/E/G ratio of 0.54 and a beta of 3.11. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.66 and a quick ratio of 1.02. United States Steel Co. has a fifty-two week low of $24.82 and a fifty-two week high of $47.64.

United States Steel (NYSE:X) last announced its quarterly earnings data on Wednesday, August 1st. The basic materials company reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.33. The company had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.47 billion. United States Steel had a return on equity of 18.70% and a net margin of 4.09%. United States Steel’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.07 EPS. As a group, sell-side analysts forecast that United States Steel Co. will post 5.82 EPS for the current fiscal year.

United States Steel Profile

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, rounds, strip mill plates, sheets, and tin mill products.

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

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