United States Steel Co. (NYSE:X) CEO David B. Burritt sold 35,040 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $43.95, for a total value of $1,540,008.00. Following the transaction, the chief executive officer now owns 183,191 shares of the company’s stock, valued at approximately $8,051,244.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of United States Steel Co. (NYSE X) traded down $1.97 during midday trading on Wednesday, reaching $42.86. 16,103,476 shares of the company’s stock traded hands, compared to its average volume of 13,153,820. The company has a current ratio of 1.75, a quick ratio of 1.11 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $7,650.00, a P/E ratio of 24.92, a P/E/G ratio of 1.41 and a beta of 3.08. United States Steel Co. has a twelve month low of $18.55 and a twelve month high of $46.82.
United States Steel (NYSE:X) last announced its quarterly earnings data on Wednesday, January 31st. The basic materials company reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.09. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.10 billion. United States Steel had a net margin of 3.16% and a return on equity of 12.56%. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 earnings per share. research analysts predict that United States Steel Co. will post 3.98 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 9th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Thursday, February 8th. United States Steel’s dividend payout ratio is presently 11.63%.
X has been the subject of a number of analyst reports. BMO Capital Markets increased their price target on shares of United States Steel from $29.00 to $33.00 and gave the company a “market perform” rating in a report on Thursday, November 2nd. ValuEngine downgraded shares of United States Steel from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Longbow Research raised shares of United States Steel from a “neutral” rating to a “buy” rating in a report on Wednesday, December 20th. Credit Suisse Group increased their price target on shares of United States Steel from $34.00 to $48.00 and gave the company an “outperform” rating in a report on Tuesday, January 30th. Finally, Cowen reaffirmed a “market perform” rating and issued a $41.00 price target (up previously from $40.00) on shares of United States Steel in a report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $35.27.
Institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. raised its stake in shares of United States Steel by 22.0% during the third quarter. Pacer Advisors Inc. now owns 33,080 shares of the basic materials company’s stock valued at $849,000 after acquiring an additional 5,961 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of United States Steel by 1.9% during the second quarter. California State Teachers Retirement System now owns 321,357 shares of the basic materials company’s stock valued at $7,114,000 after acquiring an additional 6,028 shares in the last quarter. Honeywell International Inc. raised its stake in shares of United States Steel by 20.1% during the third quarter. Honeywell International Inc. now owns 600,400 shares of the basic materials company’s stock valued at $15,406,000 after acquiring an additional 100,400 shares in the last quarter. Alpha Windward LLC bought a new stake in shares of United States Steel during the third quarter valued at approximately $502,000. Finally, Meridian Wealth Management LLC bought a new stake in shares of United States Steel during the third quarter valued at approximately $2,078,000. 66.01% of the stock is owned by hedge funds and other institutional investors.
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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).
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