United States Steel Co. (NYSE:X) SVP David J. Rintoul sold 7,090 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $32.00, for a total transaction of $226,880.00. Following the transaction, the senior vice president now directly owns 62,899 shares in the company, valued at approximately $2,012,768. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

United States Steel Co. (X) traded up $1.28 during trading hours on Thursday, reaching $31.11. 17,781,400 shares of the company’s stock were exchanged, compared to its average volume of 16,552,803. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.23 and a current ratio of 1.89. The stock has a market capitalization of $5,560.00, a P/E ratio of 20.86 and a beta of 3.00. United States Steel Co. has a 12 month low of $18.55 and a 12 month high of $41.83.

United States Steel (NYSE:X) last posted its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.25. United States Steel had a net margin of 1.05% and a return on equity of 10.27%. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter last year, the firm posted $0.40 earnings per share. United States Steel’s revenue was up 20.9% on a year-over-year basis. research analysts anticipate that United States Steel Co. will post 1.8 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 10th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.64%. The ex-dividend date is Thursday, November 9th. United States Steel’s payout ratio is currently 29.41%.

Several equities analysts recently issued reports on the stock. Bank of America set a $32.00 price objective on shares of United States Steel and gave the company a “buy” rating in a research note on Friday, October 20th. Macquarie assumed coverage on shares of United States Steel in a research note on Wednesday, September 6th. They set an “outperform” rating and a $31.00 price objective on the stock. KeyCorp reissued a “hold” rating on shares of United States Steel in a research note on Friday, November 17th. ValuEngine downgraded shares of United States Steel from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Standpoint Research downgraded shares of United States Steel from a “buy” rating to a “reduce” rating in a research note on Tuesday, September 5th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $29.34.

Institutional investors have recently added to or reduced their stakes in the company. Regal Investment Advisors LLC increased its position in shares of United States Steel by 29.2% in the second quarter. Regal Investment Advisors LLC now owns 24,168 shares of the basic materials company’s stock worth $535,000 after acquiring an additional 5,460 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in United States Steel by 150.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 56,881 shares of the basic materials company’s stock valued at $1,259,000 after purchasing an additional 34,209 shares in the last quarter. California State Teachers Retirement System grew its holdings in United States Steel by 1.9% during the 2nd quarter. California State Teachers Retirement System now owns 321,357 shares of the basic materials company’s stock valued at $7,114,000 after purchasing an additional 6,028 shares in the last quarter. Stifel Financial Corp grew its holdings in United States Steel by 304.0% during the 2nd quarter. Stifel Financial Corp now owns 159,801 shares of the basic materials company’s stock valued at $3,531,000 after purchasing an additional 120,248 shares in the last quarter. Finally, Balyasny Asset Management LLC grew its holdings in United States Steel by 1,032.0% during the 2nd quarter. Balyasny Asset Management LLC now owns 115,034 shares of the basic materials company’s stock valued at $2,547,000 after purchasing an additional 104,872 shares in the last quarter. 64.27% of the stock is owned by institutional investors.

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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)

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