United States Steel Corp. (NYSE:X) VP David B. Burritt sold 51,791 shares of the business’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $32.56, for a total value of $1,686,314.96. Following the sale, the vice president now directly owns 135,672 shares in the company, valued at $4,417,480.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

United States Steel Corp. (NYSE:X) opened at 32.34 on Thursday. United States Steel Corp. has a 52-week low of $6.15 and a 52-week high of $33.78. The company has a 50 day moving average price of $23.35 and a 200 day moving average price of $20.02. The firm’s market capitalization is $5.58 billion.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Shareholders 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 annualized dividend and a dividend yield of 0.62%. United States Steel Corp.’s dividend payout ratio (DPR) is -2.19%.

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A number of research firms have recently commented on X. TheStreet raised United States Steel Corp. from a “sell” rating to a “hold” rating in a research note on Friday, November 25th. JPMorgan Chase & Co. upped their target price on United States Steel Corp. from $29.00 to $37.00 and gave the company an “overweight” rating in a research note on Wednesday. Argus cut United States Steel Corp. from a “buy” rating to a “hold” rating and cut their target price for the company from $33.78 to $6.15 in a research note on Tuesday. Macquarie reaffirmed an “underperform” rating on shares of United States Steel Corp. in a research note on Wednesday. Finally, Rosenblatt Securities cut United States Steel Corp. from a “buy” rating to a “neutral” rating in a research note on Monday, November 21st. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.74.

Institutional investors have recently bought and sold shares of the company. Anchor Bolt Capital LP increased its position in United States Steel Corp. by 473.2% in the second quarter. Anchor Bolt Capital LP now owns 4,694,947 shares of the company’s stock valued at $79,157,000 after buying an additional 3,875,834 shares during the period. United States Steel & Carnegie Pension Fund acquired a new position in United States Steel Corp. during the third quarter valued at approximately $70,982,000. Allianz Asset Management AG increased its position in United States Steel Corp. by 361.3% in the second quarter. Allianz Asset Management AG now owns 2,795,482 shares of the company’s stock valued at $47,132,000 after buying an additional 2,189,432 shares during the period. Impala Asset Management LLC increased its position in United States Steel Corp. by 192.5% in the second quarter. Impala Asset Management LLC now owns 2,854,325 shares of the company’s stock valued at $48,124,000 after buying an additional 1,878,547 shares during the period. Finally, Laurion Capital Management LP increased its position in United States Steel Corp. by 100.7% in the second quarter. Laurion Capital Management LP now owns 11,700 shares of the company’s stock valued at $197,000 after buying an additional 1,732,700 shares during the period. 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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