KBC Group NV Has $131,000 Holdings in United States Steel Corporation (X)

KBC Group NV lowered its position in shares of United States Steel Corporation (NYSE:X) by 96.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,928 shares of the basic materials company’s stock after selling 153,170 shares during the quarter. KBC Group NV’s holdings in United States Steel Corporation were worth $131,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Northwestern Mutual Investment Management Company LLC grew its stake in shares of United States Steel Corporation by 1.1% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 30,036 shares of the basic materials company’s stock worth $1,016,000 after purchasing an additional 315 shares during the period. World Asset Management Inc grew its stake in shares of United States Steel Corporation by 2.6% during the 1st quarter. World Asset Management Inc now owns 13,485 shares of the basic materials company’s stock worth $456,000 after purchasing an additional 342 shares during the period. Capstone Asset Management Co. grew its stake in shares of United States Steel Corporation by 3.6% during the 2nd quarter. Capstone Asset Management Co. now owns 15,371 shares of the basic materials company’s stock worth $340,000 after purchasing an additional 540 shares during the period. Public Employees Retirement Association of Colorado grew its stake in shares of United States Steel Corporation by 1.9% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 32,591 shares of the basic materials company’s stock worth $722,000 after purchasing an additional 606 shares during the period. Finally, Arizona State Retirement System grew its stake in shares of United States Steel Corporation by 0.9% during the 1st quarter. Arizona State Retirement System now owns 72,500 shares of the basic materials company’s stock worth $2,451,000 after purchasing an additional 645 shares during the period. Institutional investors own 63.37% of the company’s stock.

United States Steel Corporation (NYSE X) opened at 26.86 on Tuesday. The firm has a 50-day moving average of $24.70 and a 200-day moving average of $26.18. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 170.00 and a beta of 2.88. United States Steel Corporation has a 12-month low of $15.72 and a 12-month high of $41.83.

United States Steel Corporation (NYSE:X) last issued its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.66. The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations 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 was up 21.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.32) EPS. Equities research analysts forecast that United States Steel Corporation will post $1.74 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Wednesday, August 9th were paid a $0.05 dividend. The ex-dividend date was Monday, August 7th. This represents a $0.20 dividend on an annualized basis and a yield of 0.74%. United States Steel Corporation’s dividend payout ratio is currently 125.00%.

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A number of research firms have recently weighed in on X. Credit Suisse Group raised shares of United States Steel Corporation from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $13.68 to $30.00 in a research note on Wednesday, May 24th. Deutsche Bank AG raised shares of United States Steel Corporation from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Friday, June 23rd. Standpoint Research cut shares of United States Steel Corporation from a “buy” rating to a “reduce” rating in a research note on Tuesday, September 5th. BidaskClub raised shares of United States Steel Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Cowen and Company set a $21.00 price target on shares of United States Steel Corporation and gave the stock a “hold” rating in a research note on Thursday, June 15th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $28.40.

In related news, Director Murry Gerber purchased 4,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were purchased at an average price of $26.89 per share, with a total value of $107,560.00. Following the purchase, the director now owns 168,457 shares of the company’s stock, valued at approximately $4,529,808.73. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin Bradley purchased 22,835 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was bought at an average cost of $27.62 per share, for a total transaction of $630,702.70. Following the purchase, the chief financial officer now directly owns 30,415 shares in the company, valued at approximately $840,062.30. The disclosure for this purchase can be found here. Insiders purchased a total of 63,597 shares of company stock worth $1,739,292 in the last three months. 1.00% of the stock is currently owned by company insiders.

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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