United States Steel Co. (X) SVP Christine S. Breves Sells 11,853 Shares

United States Steel Co. (NYSE:X) SVP Christine S. Breves sold 11,853 shares of United States Steel stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $38.47, for a total transaction of $455,984.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

X stock opened at $34.49 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.75 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $6,066.20, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 0.92 and a beta of 2.97. United States Steel Co. has a 12 month low of $18.55 and a 12 month high of $47.64.

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United States Steel (NYSE:X) last posted its earnings results on Wednesday, January 31st. The basic materials company reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.09. The company 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 company’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 earnings per share. equities research analysts predict that United States Steel Co. will post 4.67 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 9th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.58%. The ex-dividend date was Thursday, February 8th. United States Steel’s dividend payout ratio is 10.31%.

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in shares of United States Steel by 0.8% in the fourth quarter. BlackRock Inc. now owns 14,848,328 shares of the basic materials company’s stock worth $522,514,000 after buying an additional 116,386 shares during the last quarter. Slate Path Capital LP lifted its stake in shares of United States Steel by 47.1% in the fourth quarter. Slate Path Capital LP now owns 3,280,000 shares of the basic materials company’s stock worth $115,423,000 after buying an additional 1,050,000 shares during the last quarter. Millennium Management LLC lifted its stake in shares of United States Steel by 23,428.9% in the fourth quarter. Millennium Management LLC now owns 2,210,301 shares of the basic materials company’s stock worth $77,780,000 after buying an additional 2,200,907 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of United States Steel by 2.7% in the fourth quarter. Bank of New York Mellon Corp now owns 2,023,402 shares of the basic materials company’s stock worth $71,203,000 after buying an additional 53,069 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of United States Steel by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 1,477,929 shares of the basic materials company’s stock worth $52,008,000 after buying an additional 23,879 shares during the last quarter. 68.27% of the stock is owned by institutional investors.

Several research analysts have recently weighed in on the stock. ValuEngine downgraded shares of United States Steel from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Citigroup raised shares of United States Steel from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $18.55 to $47.64 in a research report on Monday, April 2nd. Deutsche Bank boosted their price objective on shares of United States Steel from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, March 29th. Goldman Sachs assumed coverage on shares of United States Steel in a research report on Tuesday, March 20th. They set a “neutral” rating and a $45.00 price objective on the stock. Finally, Vetr downgraded shares of United States Steel from a “buy” rating to a “hold” rating and set a $40.74 price objective on the stock. in a research report on Monday, March 19th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $40.11.

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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).

Insider Buying and Selling by Quarter for United States Steel (NYSE:X)

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