United States Steel Co. (X) SVP Sells $364,580.50 in Stock
United States Steel Co. (NYSE:X) SVP David J. Rintoul sold 10,883 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $33.50, for a total transaction of $364,580.50. Following the completion of the sale, the senior vice president now directly owns 61,279 shares in the company, valued at $2,052,846.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
United States Steel Co. (NYSE X) opened at $31.73 on Friday. United States Steel Co. has a 12 month low of $18.55 and a 12 month high of $41.83. The firm has a market cap of $5,746.82, a price-to-earnings ratio of 22.97 and a beta of 3.00. The company has a quick ratio of 1.23, a current ratio of 1.89 and a debt-to-equity ratio of 1.03.
United States Steel (NYSE:X) last released its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.25. United States Steel had a net margin of 1.05% and a return on equity of 10.27%. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period last year, the firm earned $0.40 earnings per share. The business’s quarterly revenue was up 20.9% compared to the same quarter last year. equities research analysts anticipate that United States Steel Co. will post 1.79 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 10th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Thursday, November 9th. United States Steel’s dividend payout ratio (DPR) is 29.85%.
A number of equities research analysts have recently commented on the stock. Axiom Securities raised shares of United States Steel from a “sell” rating to a “hold” rating and reduced their price objective for the company from $41.83 to $18.55 in a research note on Monday. Macquarie assumed coverage on shares of United States Steel in a research note on Wednesday, September 6th. They set an “outperform” rating and a $31.00 target price on the stock. Standpoint Research lowered shares of United States Steel from a “buy” rating to a “reduce” rating in a research note on Tuesday, September 5th. Jefferies Group reissued a “buy” rating on shares of United States Steel in a research note on Monday, September 18th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of United States Steel in a research note on Friday, September 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $29.61.
Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in shares of United States Steel by 0.4% in the second quarter. BlackRock Inc. now owns 14,343,698 shares of the basic materials company’s stock valued at $317,570,000 after purchasing an additional 63,943 shares during the last quarter. Amerigo Asset Management purchased a new stake in shares of United States Steel in the third quarter valued at about $158,558,000. State Street Corp raised its holdings in shares of United States Steel by 6.2% in the second quarter. State Street Corp now owns 5,889,434 shares of the basic materials company’s stock valued at $130,394,000 after purchasing an additional 341,591 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of United States Steel by 7.9% in the second quarter. Dimensional Fund Advisors LP now owns 3,245,149 shares of the basic materials company’s stock valued at $71,851,000 after purchasing an additional 236,714 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of United States Steel by 2.2% in the third quarter. Bank of New York Mellon Corp now owns 1,970,333 shares of the basic materials company’s stock valued at $50,558,000 after purchasing an additional 41,931 shares during the last quarter. 64.27% of the stock is currently owned by hedge funds and other institutional investors.
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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).
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