United States Steel Corporation (NYSE:X) saw some unusual options trading activity on Wednesday. Stock investors acquired 59,061 call options on the stock. This is an increase of 114% compared to the typical daily volume of 27,624 call options.

Several equities analysts have recently weighed in on the stock. Citigroup Inc. downgraded shares of United States Steel Corporation from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $26.00 to $20.00 in a research note on Friday, July 28th. Morgan Stanley reiterated a “buy” rating and set a $34.00 price objective (down from $48.00) on shares of United States Steel Corporation in a research note on Monday, May 1st. Zacks Investment Research downgraded shares of United States Steel Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 23rd. Axiom Securities reiterated a “sell” rating on shares of United States Steel Corporation in a research note on Thursday, July 13th. Finally, Longbow Research reiterated a “neutral” rating on shares of United States Steel Corporation in a research note on Tuesday, May 9th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $27.88.

Several institutional investors have recently made changes to their positions in X. Capstone Asset Management Co. boosted its stake in shares of United States Steel Corporation by 6.1% in the first quarter. Capstone Asset Management Co. now owns 14,831 shares of the basic materials company’s stock valued at $501,000 after buying an additional 850 shares in the last quarter. Winslow Evans & Crocker Inc. purchased a new stake in shares of United States Steel Corporation during the first quarter valued at $283,000. Louisiana State Employees Retirement System boosted its stake in shares of United States Steel Corporation by 3.3% in the first quarter. Louisiana State Employees Retirement System now owns 44,000 shares of the basic materials company’s stock valued at $1,488,000 after buying an additional 1,400 shares in the last quarter. Oakbrook Investments LLC boosted its stake in shares of United States Steel Corporation by 11.3% in the first quarter. Oakbrook Investments LLC now owns 13,800 shares of the basic materials company’s stock valued at $467,000 after buying an additional 1,400 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its stake in shares of United States Steel Corporation by 1.0% in the first quarter. Retirement Systems of Alabama now owns 225,011 shares of the basic materials company’s stock valued at $7,608,000 after buying an additional 2,306 shares in the last quarter. Hedge funds and other institutional investors own 69.00% of the company’s stock.

Shares of United States Steel Corporation (NYSE X) opened at 23.70 on Monday. The company has a 50-day moving average of $23.42 and a 200 day moving average of $27.50. United States Steel Corporation has a 52-week low of $15.72 and a 52-week high of $41.83. The firm has a market cap of $4.15 billion, a P/E ratio of 150.00 and a beta of 2.88.

United States Steel Corporation (NYSE:X) last released its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.66. United States Steel Corporation had a return on equity of 6.50% and a net margin of 0.24%. The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the previous year, the company posted ($0.32) EPS. The company’s revenue was up 21.7% compared to the same quarter last year. On average, equities analysts expect that United States Steel Corporation will post $1.76 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Wednesday, August 9th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Monday, August 7th. United States Steel Corporation’s dividend payout ratio (DPR) is 125.00%.

WARNING: “United States Steel Corporation Target of Unusually High Options Trading (X)” was posted by Daily Political and is owned by of Daily Political. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/08/20/united-states-steel-corporation-target-of-unusually-high-options-trading-x.html.

United States Steel Corporation 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).

Receive News & Ratings for United States Steel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Steel Corporation and related companies with MarketBeat.com's FREE daily email newsletter.