United States Steel Corp. (X) Trading 5.1% Higher
United States Steel Corp. (NYSE:X) shares traded up 5.1% on Friday . The stock traded as high as $19.09 and last traded at $19.03, with a volume of 14,256,930 shares changing hands. The stock had previously closed at $18.10.
Several research analysts recently weighed in on the company. Vetr cut United States Steel Corp. from a “sell” rating to a “strong sell” rating and set a $16.01 price target for the company. in a research report on Monday. Morgan Stanley restated a “hold” rating on shares of United States Steel Corp. in a research report on Tuesday, April 26th. Jefferies Group restated a “sell” rating on shares of United States Steel Corp. in a research report on Sunday, June 12th. Argus restated a “hold” rating on shares of United States Steel Corp. in a research report on Monday, May 2nd. Finally, Rosenblatt Securities upgraded United States Steel Corp. from a “neutral” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Thursday, April 28th. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. United States Steel Corp. has an average rating of “Hold” and an average target price of $14.80.
The stock’s market cap is $2.79 billion. The stock has a 50-day moving average of $16.35 and a 200-day moving average of $13.38.
United States Steel Corp. (NYSE:X) last released its quarterly earnings data on Tuesday, April 26th. The company reported ($2.15) earnings per share for the quarter, missing the consensus estimate of ($1.23) by $0.92. The company earned $2.34 billion during the quarter, compared to analysts’ expectations of $2.51 billion. United States Steel Corp.’s quarterly revenue was down 28.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.07) earnings per share. On average, equities research analysts forecast that United States Steel Corp. will post ($2.00) earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Wednesday, May 11th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.05%. The ex-dividend date was Monday, May 9th.
In other news, Director Stephen J. Girsky acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 5th. The stock was purchased at an average cost of $18.94 per share, with a total value of $37,880.00. Following the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $37,880. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
A number of institutional investors have recently added to or reduced their stakes in X. Hodges Capital Management Inc. increased its position in United States Steel Corp. by 77.2% in the fourth quarter. Hodges Capital Management Inc. now owns 2,673,689 shares of the company’s stock valued at $21,336,000 after buying an additional 1,164,668 shares during the last quarter. BBT Capital Management LLC bought a new position in United States Steel Corp. during the fourth quarter valued at $2,873,000. First Trust Advisors LP increased its position in United States Steel Corp. by 40.0% in the fourth quarter. First Trust Advisors LP now owns 572,672 shares of the company’s stock valued at $4,570,000 after buying an additional 163,543 shares during the last quarter. Shell Asset Management Co. bought a new position in United States Steel Corp. during the fourth quarter valued at $1,149,000. Finally, Russell Frank Co increased its position in United States Steel Corp. by 347.0% in the fourth quarter. Russell Frank Co now owns 160,511 shares of the company’s stock valued at $1,306,000 after buying an additional 124,606 shares during the last quarter.
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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