United States Steel Corporation (NYSE:X) is on recovery track with 34.62% gain from a 1-year low price of $11.67. The company added 2.88% to attain the price of $15.71 on 7/30/2019. Throughout the recent session, the prices were hovering between $14.88 and $15.71. These shares are -1.08% up from its target price of $15.54 and the current market capitalization stands at $2.72B. The recent change has given its price a 10.06% lead over SMA 50 and -58.41% deficit over its 52-week high. The stock witnessed 2.61% gains, 0.71% gains and -26.28% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found X’s volatility during a week at 3.86% and during a month it has been found around 3.88%.
What Does United States Steel Corporation (X) Do?
The company describes itself in regulatory filings as, “United States Steel Corp. engages in the manufacturing and selling of steel products. It operates through the following business segments: Flat-Rolled Products, U.S. Steel Europe, and Tubular Products. The Flat-Rolled Products segment includes managing steel plants and production facilities that manufactures steel slabs, rounds, strip mill plates, sheets, tin mill, iron ore, and coke. The U.S. Steel Europe segment offers producing and marketsing strip mill plates, spiral welded pipe, heating radiators, refractory ceramic materials. The Tubular Products segment involves in manufacturing and trading seamless and electric resistance welded steel casing and tubing. line pipe, and mechanical tubing. The company was founded in 1901 by Andrew Carnegie, John Pierpont Morgan, Charles Michael Schwab and Elbert Henry Gary and is headquartered in Pittsburgh, PA.” [Text can be found here: https://www.marketwatch.com/investing/stock/X/profile under company description.]United States Steel Corporation (X) Top Holders
Institutional investors currently hold around $1.74 billion or 64.9% in X stock. Look at its top three institutional owners: Blackrock Inc. owns $253.13 million in United States Steel Corporation, which represents roughly 9.31% of the company’s market cap and approximately 14.56% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 16,307,977 shares of the stock are valued at $249.02 million. The third largest holder is Dimensional Fund Advisors Lp, which currently holds $117.45 million worth of this stock and that ownership represents nearly 4.32% of its market capitalization.
At the end of March reporting period, 171 institutional holders increased their position in United States Steel Corporation (NYSE:X) by some 16,738,750 shares, 174 decreased positions by 27,266,144 and 67 held positions by 69,800,987. That puts total institutional holdings at 113,805,881 shares, according to SEC filings. The stock grabbed 57 new institutional investments totaling 5,498,196 shares while 60 institutional investors sold out their entire positions totaling 10,527,753 shares.United States Steel Corporation (NYSE:X) Insider Trades
Multiple company employees have indulged in significant insider trading. United States Steel Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Girsky Stephen J has acquired 1,000 shares of United States Steel Corporation (X) in the trading session dated May. 20, 2019. These shares are worth $14,500 and were traded at $14.5 each. The SEC filing shows that FARACI JOHN V performed a purchase of 1,000 shares. The Director added these shares by way of transaction on May. 20, 2019. The company’s shares were assimilated at $14.38 per share worth to an investment of some $14,380 to the account of FARACI JOHN V.
Director, Girsky Stephen J, purchased 1,000 common shares of United States Steel Corporation (X) in the open market. In a transaction dated May. 07, 2019, the shares were bought at an average price of $16.18, giving away a sum of $16,180. After this purchase, 37,887 common shares of X are directly owned by the insider, with total stake valued at $595,205.
In the transaction dated Feb. 15, 2019, a great number of shares acquired came courtesy the EVP & CFO; Bradley Kevin added a total of 10,000 shares at an average price of $22.79, amounting to approximately $227,900. The insider now directly owns 126,839 shares worth $1,992,641.United States Steel Corporation (X) Analyst Guide
Several analysts have released their opinion on United States Steel Corporation (NYSE:X), with 2 analysts believing it is a strong buy. Whereas 7 of them predict the stock is a hold. Also, there are 2 buy, 3 sell and 2 strong sell ratings, collectively assigning a 3.06 average brokerage recommendation [T1].