United States Steel Corporation (NYSE:X) saw unusually large options trading activity on Wednesday. Stock traders bought 59,061 call options on the stock. This is an increase of 114% compared to the average daily volume of 27,624 call options.

United States Steel Corporation (X) opened at 23.70 on Friday. The company has a market capitalization of $4.15 billion, a P/E ratio of 150.00 and a beta of 2.88. United States Steel Corporation has a one year low of $15.72 and a one year high of $41.83. The firm has a 50-day moving average of $23.42 and a 200 day moving average of $27.50.

United States Steel Corporation (NYSE:X) last announced its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.66. The firm had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $2.98 billion. United States Steel Corporation had a net margin of 0.24% and a return on equity of 6.50%. The company’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.32) earnings per share. On average, equities analysts forecast that United States Steel Corporation will post $1.76 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Wednesday, August 9th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, August 7th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.84%. United States Steel Corporation’s dividend payout ratio is 125.00%.

Several research firms recently commented on X. Bank of America Corporation downgraded shares of United States Steel Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, April 26th. Macquarie raised shares of United States Steel Corporation from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $23.00 to $30.00 in a report on Monday, April 24th. BMO Capital Markets reaffirmed a “hold” rating and issued a $40.00 price objective on shares of United States Steel Corporation in a report on Monday, April 24th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $51.00 price objective on shares of United States Steel Corporation in a report on Thursday, July 27th. Finally, Longbow Research downgraded shares of United States Steel Corporation from a “buy” rating to a “neutral” rating in a report on Thursday, July 27th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $27.36.

Institutional investors have recently modified their holdings of the company. Tudor Investment Corp ET AL raised 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 worth $1,028,000 after buying an additional 80,407 shares in the last quarter. Scopus Asset Management L.P. raised its position in shares of United States Steel Corporation by 203.3% in the first quarter. Scopus Asset Management L.P. now owns 206,600 shares of the basic materials company’s stock worth $6,985,000 after buying an additional 406,600 shares in the last quarter. BlackRock Inc. raised its position in shares of United States Steel Corporation by 12,021.7% in the first quarter. BlackRock Inc. now owns 14,279,755 shares of the basic materials company’s stock worth $482,799,000 after buying an additional 14,161,952 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of United States Steel Corporation by 1,971.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,315 shares of the basic materials company’s stock worth $112,000 after buying an additional 3,155 shares in the last quarter. Finally, Private Advisor Group LLC raised its position in shares of United States Steel Corporation by 14.0% in the first quarter. Private Advisor Group LLC now owns 18,040 shares of the basic materials company’s stock worth $589,000 after buying an additional 2,221 shares in the last quarter. Hedge funds and other institutional investors own 69.00% of the company’s stock.

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About United States Steel Corporation

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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