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.

The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 10th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend was Thursday, November 9th. United States Steel’s dividend payout ratio (DPR) is currently 29.85%.

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.

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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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