United States Steel Corporation (NYSE:X) CFO Kevin Bradley purchased 36,762 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were purchased at an average price of $27.23 per share, with a total value of $1,001,029.26. Following the completion of the acquisition, the chief financial officer now directly owns 30,415 shares in the company, valued at $828,200.45. The purchase was disclosed in a filing with the SEC, which is available through this link.

Kevin Bradley also recently made the following trade(s):

  • On Wednesday, September 6th, Kevin Bradley purchased 22,835 shares of United States Steel Corporation stock. The shares were purchased at an average price of $27.62 per share, with a total value of $630,702.70.

Shares of United States Steel Corporation (NYSE:X) traded down 2.60% during mid-day trading on Friday, reaching $26.96. 13,232,517 shares of the company traded hands. United States Steel Corporation has a 52 week low of $15.72 and a 52 week high of $41.83. The firm has a 50 day moving average of $24.59 and a 200-day moving average of $26.46. The stock has a market capitalization of $4.72 billion, a PE ratio of 170.63 and a beta of 2.88.

United States Steel Corporation (NYSE:X) last announced its earnings results on Tuesday, July 25th. The basic materials company reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.66. The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $2.98 billion. United States Steel Corporation had a net margin of 0.24% and a return on equity of 6.50%. The firm’s revenue was up 21.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.32) earnings per share. On average, equities research analysts expect that United States Steel Corporation will post $1.74 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Wednesday, August 9th will be issued a $0.05 dividend. The ex-dividend date is Monday, August 7th. This represents a $0.20 dividend on an annualized basis and a yield of 0.74%. United States Steel Corporation’s dividend payout ratio is presently 125.00%.

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X has been the subject of several research reports. Jefferies Group LLC restated a “buy” rating and issued a $32.00 price objective on shares of United States Steel Corporation in a report on Thursday, August 31st. BidaskClub upgraded shares of United States Steel Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Standpoint Research upgraded shares of United States Steel Corporation from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Wednesday, June 7th. They noted that the move was a valuation call. Bank of America Corporation upgraded shares of United States Steel Corporation 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. Finally, Cowen and Company restated a “hold” rating and issued a $24.00 price objective on shares of United States Steel Corporation in a report on Friday, September 1st. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $28.40.

A number of institutional investors have recently made changes to their positions in X. BlackRock Inc. raised its holdings in 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 purchasing an additional 14,161,952 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new position in United States Steel Corporation in the second quarter worth about $37,749,000. Vanguard Group Inc. raised its holdings in United States Steel Corporation by 10.1% in the first quarter. Vanguard Group Inc. now owns 16,743,496 shares of the basic materials company’s stock worth $566,096,000 after purchasing an additional 1,539,412 shares in the last quarter. Hodges Capital Management Inc. raised its holdings in United States Steel Corporation by 160.2% in the second quarter. Hodges Capital Management Inc. now owns 1,588,774 shares of the basic materials company’s stock worth $35,175,000 after purchasing an additional 978,199 shares in the last quarter. Finally, Jennison Associates LLC bought a new position in United States Steel Corporation in the second quarter worth about $20,786,000. Institutional investors and hedge funds own 63.37% of the company’s stock.

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).

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

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