United States Steel Co. (NYSE:X) SVP David J. Rintoul sold 5,470 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $33.00, for a total transaction of $180,510.00. Following the transaction, the senior vice president now owns 61,279 shares in the company, valued at approximately $2,022,207. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
United States Steel Co. (NYSE:X) opened at $31.73 on Friday. The firm has a market cap of $5,746.82, a P/E ratio of 22.97 and a beta of 3.00. United States Steel Co. has a 52-week low of $18.55 and a 52-week high of $41.83. 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 (NYSE:X) last issued its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.25. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.07 billion. United States Steel had a net margin of 1.05% and a return on equity of 10.27%. The firm’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.40 earnings per share. equities analysts expect that United States Steel Co. will post 1.79 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 10th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $0.20 annualized dividend and a yield of 0.63%. United States Steel’s payout ratio is presently 29.85%.
A number of equities research analysts have weighed in on X shares. Macquarie started coverage on shares of United States Steel in a report on Wednesday, September 6th. They issued an “outperform” rating and a $31.00 price objective on the stock. Bank of America upgraded shares of United States Steel from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $29.00 to $31.00 in a report on Tuesday, September 5th. BMO Capital Markets restated a “market perform” rating on shares of United States Steel in a report on Friday, September 8th. ValuEngine upgraded shares of United States Steel from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Finally, Cowen reiterated a “hold” rating and set a $24.00 price target on shares of United States Steel in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $29.61.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Enterprise Financial Services Corp bought a new position in United States Steel in the third quarter worth approximately $120,000. Global X Management Co. LLC raised its position in shares of United States Steel by 221.0% during the 2nd quarter. Global X Management Co. LLC now owns 5,473 shares of the basic materials company’s stock valued at $121,000 after purchasing an additional 3,768 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of United States Steel by 10.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the basic materials company’s stock valued at $154,000 after purchasing an additional 674 shares during the period. NJ State Employees Deferred Compensation Plan bought a new stake in shares of United States Steel during the 3rd quarter valued at $205,000. Finally, Sigma Planning Corp raised its position in shares of United States Steel by 21.3% during the 2nd quarter. Sigma Planning Corp now owns 9,662 shares of the basic materials company’s stock valued at $214,000 after purchasing an additional 1,696 shares during the period. Institutional investors and hedge funds own 64.27% of the company’s stock.
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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