United States Steel Corp. (X) CEO Mario Longhi Filho Sells 277,200 Shares of Stock
United States Steel Corp. (NYSE:X) CEO Mario Longhi Filho sold 277,200 shares of the firm’s stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $32.25, for a total value of $8,939,700.00. Following the sale, the chief executive officer now directly owns 492,276 shares of the company’s stock, valued at $15,875,901. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
United States Steel Corp. (NYSE:X) opened at 32.34 on Thursday. The company’s market cap is $5.58 billion. The firm’s 50-day moving average price is $22.55 and its 200-day moving average price is $19.81. United States Steel Corp. has a 12-month low of $6.15 and a 12-month high of $33.78.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Friday, November 11th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, November 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.62%. United States Steel Corp.’s payout ratio is presently -2.19%.
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A number of analysts recently issued reports on X shares. Rosenblatt Securities downgraded United States Steel Corp. from a “buy” rating to a “neutral” rating in a research report on Monday, November 21st. They noted that the move was a valuation call. Jefferies Group raised United States Steel Corp. from a “hold” rating to a “buy” rating and raised their price objective for the stock from $17.50 to $26.00 in a research report on Wednesday, November 9th. Vetr raised United States Steel Corp. from a “buy” rating to a “strong-buy” rating and set a $21.99 price objective for the company in a research report on Tuesday, August 30th. Citigroup Inc. initiated coverage on United States Steel Corp. in a research report on Monday, August 22nd. They issued a “buy” rating and a $27.00 target price for the company. Finally, TheStreet raised United States Steel Corp. from a “sell” rating to a “hold” rating in a research report on Friday, November 25th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $20.74.
Several institutional investors have recently bought and sold shares of X. Geode Capital Management LLC raised its position in United States Steel Corp. by 8.7% in the first quarter. Geode Capital Management LLC now owns 917,525 shares of the company’s stock worth $14,725,000 after buying an additional 73,053 shares during the last quarter. Wellington Management Group LLP acquired a new position in United States Steel Corp. during the first quarter worth approximately $14,903,000. Legal & General Group Plc raised its position in United States Steel Corp. by 38.6% in the first quarter. Legal & General Group Plc now owns 299,036 shares of the company’s stock worth $4,811,000 after buying an additional 83,297 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in United States Steel Corp. by 377.0% in the second quarter. BNP Paribas Arbitrage SA now owns 276,342 shares of the company’s stock worth $4,659,000 after buying an additional 218,408 shares during the last quarter. Finally, Creative Planning raised its position in United States Steel Corp. by 32.3% in the second quarter. Creative Planning now owns 516,100 shares of the company’s stock worth $8,701,000 after buying an additional 125,908 shares during the last quarter. Institutional investors and hedge funds own 76.89% of the company’s stock.
About United States Steel Corp.
United States Steel Corporation (U. S. Steel) 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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