United States Steel Co. (NYSE:X) CEO David B. Burritt sold 6,936 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $39.95, for a total transaction of $277,093.20. Following the completion of the transaction, the chief executive officer now owns 179,567 shares of the company’s stock, valued at $7,173,701.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

United States Steel Co. (X) traded up $0.64 during midday trading on Wednesday, reaching $39.31. 9,070,000 shares of the company’s stock were exchanged, compared to its average volume of 10,400,000. United States Steel Co. has a 12-month low of $18.55 and a 12-month high of $41.83. The company has a quick ratio of 1.23, a current ratio of 1.89 and a debt-to-equity ratio of 1.03. The company has a market cap of $6,880.00, a P/E ratio of 57.81, a price-to-earnings-growth ratio of 1.60 and a beta of 3.00.

United States Steel (NYSE:X) last posted its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.92 EPS for the quarter, beating the Zacks’ 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 net margin of 1.05% and a return on equity of 10.27%. The firm’s revenue was up 20.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 EPS. research analysts predict that United States Steel Co. will post 1.84 EPS for the current fiscal year.

Several large investors have recently modified their holdings of X. Amerigo Asset Management acquired a new stake in shares of United States Steel during the third quarter worth $158,558,000. Ameriprise Financial Inc. raised its holdings in shares of 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 worth $32,399,000 after purchasing an additional 928,898 shares during the period. Prudential Financial Inc. increased its holdings in shares of United States Steel by 524.7% in the 3rd quarter. Prudential Financial Inc. now owns 668,811 shares of the basic materials company’s stock worth $17,161,000 after acquiring an additional 561,758 shares during the period. CI Investments Inc. acquired a new stake in shares of United States Steel in the 3rd quarter worth about $9,402,000. Finally, State Street Corp increased its holdings in shares of United States Steel by 6.2% in the 2nd quarter. State Street Corp now owns 5,889,434 shares of the basic materials company’s stock worth $130,394,000 after acquiring an additional 341,591 shares during the period. 64.21% of the stock is currently owned by institutional investors.

Several research analysts have recently weighed in on the stock. Cowen restated a “hold” rating and issued a $40.00 target price on shares of United States Steel in a research note on Thursday, January 4th. Axiom Securities upgraded shares of United States Steel from a “sell” rating to a “hold” rating and decreased their target price for the company from $41.83 to $18.55 in a research note on Monday, December 11th. KeyCorp restated a “hold” rating on shares of United States Steel in a research note on Friday, November 17th. Bank of America set a $32.00 target price on shares of United States Steel and gave the company a “buy” rating in a research note on Friday, October 20th. Finally, Longbow Research upgraded shares of United States Steel from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $31.14.

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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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