United States Steel Corporation (NYSE:X) VP Colleen M. Darragh sold 9,700 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $30.00, for a total value of $291,000.00. Following the completion of the transaction, the vice president now directly owns 19,136 shares in the company, valued at $574,080. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

United States Steel Corporation (NYSE:X) traded down $0.01 during midday trading on Tuesday, hitting $29.83. The stock had a trading volume of 9,053,480 shares, compared to its average volume of 16,547,576. The company has a market cap of $5,190.00, a P/E ratio of 20.49 and a beta of 3.00. 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 Corporation has a 52-week low of $18.55 and a 52-week high of $41.83.

United States Steel (NYSE:X) last released its earnings results on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.25. The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.07 billion. United States Steel had a return on equity of 10.27% and a net margin of 1.05%. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS. research analysts expect that United States Steel Corporation will post 1.8 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 10th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, November 9th. United States Steel’s dividend payout ratio is currently 29.41%.

A number of research analysts recently commented on X shares. Macquarie started coverage on United States Steel in a report on Wednesday, September 6th. They issued an “outperform” rating and a $31.00 price target on the stock. Bank of America raised United States Steel from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $29.00 to $31.00 in a research note on Tuesday, September 5th. BMO Capital Markets reaffirmed a “market perform” rating on shares of United States Steel in a research note on Friday, September 8th. Cowen reaffirmed a “hold” rating and issued a $24.00 price objective on shares of United States Steel in a research note on Friday, September 1st. Finally, Citigroup lifted their price objective on United States Steel from $20.00 to $22.00 and gave the stock a “sell” rating in a research note on Friday, September 15th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. United States Steel has an average rating of “Hold” and a consensus target price of $29.34.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in X. Capstone Asset Management Co. increased its position in shares of United States Steel by 3.6% during the 2nd quarter. Capstone Asset Management Co. now owns 15,371 shares of the basic materials company’s stock valued at $340,000 after purchasing an additional 540 shares during the last quarter. Aperio Group LLC increased its position in shares of United States Steel by 47.7% during the 2nd quarter. Aperio Group LLC now owns 61,087 shares of the basic materials company’s stock valued at $1,352,000 after purchasing an additional 19,731 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of United States Steel by 581.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 387,609 shares of the basic materials company’s stock valued at $8,582,000 after purchasing an additional 330,744 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of United States Steel by 1.9% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 32,591 shares of the basic materials company’s stock valued at $722,000 after purchasing an additional 606 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of United States Steel by 128.2% during the 2nd quarter. Janney Montgomery Scott LLC now owns 77,811 shares of the basic materials company’s stock valued at $1,723,000 after purchasing an additional 43,712 shares during the last quarter. 64.27% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This article was originally published by American Banking News and is the property of of American Banking News. If you are reading this article on another publication, it was illegally stolen and republished in violation of United States & international copyright and trademark law. The correct version of this article can be read at https://www.americanbankingnews.com/2017/12/05/insider-selling-united-states-steel-corporation-x-vp-sells-9700-shares-of-stock.html.

United States Steel 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).

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

Receive News & Ratings for United States Steel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Steel Corporation and related companies with MarketBeat.com's FREE daily email newsletter.