OxFORD Asset Management LLP Acquires Shares of 187,314 United States Steel Corporation (X)

OxFORD Asset Management LLP acquired a new stake in United States Steel Corporation (NYSE:X) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 187,314 shares of the basic materials company’s stock, valued at approximately $4,823,000. OxFORD Asset Management LLP owned 0.11% of United States Steel as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of X. Capstone Asset Management Co. lifted its stake in United States Steel by 3.6% in the second quarter. Capstone Asset Management Co. now owns 15,371 shares of the basic materials company’s stock worth $340,000 after acquiring an additional 540 shares during the last quarter. Aperio Group LLC lifted its stake in United States Steel by 47.7% in the second quarter. Aperio Group LLC now owns 61,087 shares of the basic materials company’s stock worth $1,352,000 after acquiring an additional 19,731 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in United States Steel by 581.6% in the second quarter. Russell Investments Group Ltd. now owns 387,609 shares of the basic materials company’s stock worth $8,582,000 after acquiring an additional 330,744 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its stake in United States Steel by 1.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 32,591 shares of the basic materials company’s stock worth $722,000 after acquiring an additional 606 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in United States Steel by 128.2% in the second quarter. Janney Montgomery Scott LLC now owns 77,811 shares of the basic materials company’s stock worth $1,723,000 after acquiring an additional 43,712 shares during the last quarter. 64.27% of the stock is owned by institutional investors and hedge funds.

X has been the subject of a number of recent research reports. Macquarie initiated coverage on shares of United States Steel in a research note on Wednesday, September 6th. They issued an “outperform” rating and a $31.00 price target for the company. Bank of America upgraded shares of United States Steel from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $29.00 to $31.00 in a research note on Tuesday, September 5th. BMO Capital Markets reiterated a “market perform” rating on shares of United States Steel in a research note on Friday, September 8th. Cowen reiterated a “hold” rating and issued a $24.00 price target on shares of United States Steel in a research note on Friday, September 1st. Finally, Citigroup lifted their price target on shares of United States Steel from $20.00 to $22.00 and gave the stock a “sell” rating in a research note on Friday, September 15th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $29.34.

In other United States Steel news, CFO Kevin Bradley bought 36,762 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were acquired at an average cost of $27.23 per share, with a total value of $1,001,029.26. Following the acquisition, the chief financial officer now directly owns 30,415 shares of the company’s stock, valued at approximately $828,200.45. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Colleen M. Darragh sold 9,700 shares of United States Steel stock in a transaction on Friday, December 1st. The shares were sold at an average price of $30.00, for a total transaction of $291,000.00. Following the completion of the transaction, the vice president now directly owns 19,136 shares in the company, valued at $574,080. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,265 shares of company stock worth $577,950. 1.00% of the stock is owned by corporate insiders.

United States Steel Corporation (NYSE X) traded down $0.01 during mid-day trading on Wednesday, reaching $29.83. 9,053,400 shares of the company’s stock were exchanged, compared to its average volume of 16,547,578. The company has a current ratio of 1.89, a quick ratio of 1.23 and a debt-to-equity ratio of 1.03. United States Steel Corporation has a 12 month low of $18.55 and a 12 month high of $41.83. The firm has a market capitalization of $5,221.83, a PE ratio of 20.87 and a beta of 3.00.

United States Steel (NYSE:X) last released its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.25. United States Steel had a net margin of 1.05% and a return on equity of 10.27%. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter last year, the company earned $0.40 earnings per share. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. equities analysts predict that United States Steel Corporation will post 1.8 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 10th will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, November 9th. This represents a $0.20 dividend on an annualized basis and a yield of 0.67%. United States Steel’s payout ratio is currently 29.85%.

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About United States Steel

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).

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

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