Insider Selling: United States Steel Co. (X) SVP Sells 5,470 Shares of Stock
United States Steel Co. (NYSE:X) SVP David J. Rintoul sold 5,470 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $33.00, for a total transaction of $180,510.00. Following the sale, the senior vice president now owns 61,279 shares in the company, valued at $2,022,207. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
United States Steel Co. (NYSE:X) traded up $0.19 during trading on Tuesday, hitting $33.42. 11,294,200 shares of the stock traded hands, compared to its average volume of 16,497,242. The stock has a market capitalization of $5,815.07, a P/E ratio of 23.24 and a beta of 3.00. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.23 and a current ratio of 1.89. United States Steel Co. has a 1-year low of $18.55 and a 1-year 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, topping the consensus estimate of $0.67 by $0.25. The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.07 billion. United States Steel had a net margin of 1.05% and a return on equity of 10.27%. The firm’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period last year, the firm posted $0.40 earnings per share. research analysts predict that United States Steel Co. will post 1.81 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in X. Amerigo Asset Management purchased a new position in United States Steel during the third quarter valued at approximately $158,558,000. Jennison Associates LLC purchased a new position in United States Steel during the second quarter valued at approximately $20,786,000. Ameriprise Financial Inc. grew its position in United States Steel by 173.8% during the second quarter. Ameriprise Financial Inc. now owns 1,463,410 shares of the basic materials company’s stock valued at $32,399,000 after purchasing an additional 928,898 shares in the last quarter. Marshall Wace North America L.P. grew its position in United States Steel by 1,000.6% during the second quarter. Marshall Wace North America L.P. now owns 991,141 shares of the basic materials company’s stock valued at $21,805,000 after purchasing an additional 901,086 shares in the last quarter. Finally, Prudential Financial Inc. grew its position in United States Steel by 524.7% during the third quarter. Prudential Financial Inc. now owns 668,811 shares of the basic materials company’s stock valued at $17,161,000 after purchasing an additional 561,758 shares in the last quarter. 64.27% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on the stock. BidaskClub raised shares of United States Steel from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Jefferies Group reaffirmed a “buy” rating and issued a $32.00 price objective on shares of United States Steel in a research note on Thursday, August 31st. 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. Bank of America raised shares of 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. Finally, Standpoint Research cut shares of United States Steel from a “buy” rating to a “reduce” rating in a research note on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $29.61.
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).
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