Shares of United States Steel Corporation (NYSE:X) have earned an average rating of “Hold” from the twenty-two analysts that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $27.69.

A number of research firms have issued reports on X. Vetr lowered United States Steel Corporation from a “sell” rating to a “strong sell” rating and set a $32.95 price target on the stock. in a research report on Thursday, February 16th. Cowen and Company raised United States Steel Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, February 27th. Axiom Securities reaffirmed a “sell” rating on shares of United States Steel Corporation in a research report on Friday, March 3rd. Deutsche Bank AG increased their price target on United States Steel Corporation from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, March 21st. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $35.00 price target on shares of United States Steel Corporation in a research report on Monday, February 27th.

Shares of United States Steel Corporation (NYSE X) traded down 1.03% during trading on Friday, reaching $20.16. 11,069,664 shares of the company’s stock were exchanged. United States Steel Corporation has a 12-month low of $14.80 and a 12-month high of $41.83. The stock has a 50-day moving average price of $20.83 and a 200 day moving average price of $31.15. The company’s market capitalization is $3.52 billion.

United States Steel Corporation (NYSE:X) last announced its earnings results on Tuesday, April 25th. The basic materials company reported ($0.83) EPS for the quarter, missing analysts’ consensus estimates of $0.35 by $1.18. United States Steel Corporation had a negative net margin of 2.63% and a negative return on equity of 3.48%. The firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.91 billion. During the same quarter last year, the business earned ($2.15) earnings per share. The business’s revenue was up 16.4% compared to the same quarter last year. Equities analysts expect that United States Steel Corporation will post $1.06 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Wednesday, May 10th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Monday, May 8th. United States Steel Corporation’s dividend payout ratio (DPR) is -12.20%.

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In other news, Director Stephen J. Girsky purchased 2,500 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were bought at an average price of $19.94 per share, with a total value of $49,850.00. Following the completion of the transaction, the director now directly owns 21,872 shares in the company, valued at approximately $436,127.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul Anthony Mascarenas purchased 1,500 shares of the business’s stock in a transaction on Thursday, May 18th. The shares were purchased at an average cost of $19.31 per share, for a total transaction of $28,965.00. Following the transaction, the director now owns 12,377 shares of the company’s stock, valued at $238,999.87. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 14,000 shares of company stock worth $278,415. 1.00% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Columbia Partners L L C Investment Management increased its position in shares of United States Steel Corporation by 41.5% in the first quarter. Columbia Partners L L C Investment Management now owns 63,912 shares of the basic materials company’s stock valued at $2,160,000 after buying an additional 18,738 shares during the period. Marianas Fund Management LLC bought a new position in shares of United States Steel Corporation during the first quarter valued at $9,758,000. FNY Partners Fund LP increased its position in shares of United States Steel Corporation by 272.2% in the first quarter. FNY Partners Fund LP now owns 6,700 shares of the basic materials company’s stock valued at $226,000 after buying an additional 4,900 shares during the period. Tudor Investment Corp ET AL increased its position in shares of United States Steel Corporation by 160.8% in the first quarter. Tudor Investment Corp ET AL now owns 30,407 shares of the basic materials company’s stock valued at $1,028,000 after buying an additional 80,407 shares during the period. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of United States Steel Corporation by 0.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 161,847 shares of the basic materials company’s stock valued at $5,472,000 after buying an additional 1,240 shares during the period. 70.77% of the stock is currently owned by institutional investors.

United States Steel Corporation Company Profile

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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