United States Steel (X) Stock Price Down 0.7%
United States Steel Co. (NYSE:X) shares dropped 0.7% on Monday . The stock traded as low as $34.56 and last traded at $34.81. Approximately 9,226,753 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 11,396,097 shares. The stock had previously closed at $34.58.
X has been the topic of several research reports. BMO Capital Markets increased their target price on United States Steel from $29.00 to $33.00 and gave the stock a “market perform” rating in a research report on Thursday, November 2nd. ValuEngine raised United States Steel from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Cowen raised United States Steel from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $20.00 to $28.00 in a research report on Thursday, November 2nd. Longbow Research raised United States Steel from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 20th. Finally, Bank of America set a $46.00 target price on United States Steel and gave the stock a “buy” rating in a research report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. United States Steel currently has a consensus rating of “Hold” and a consensus price target of $32.47.
The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.11 and a current ratio of 1.75. The firm has a market cap of $6,180.00, a PE ratio of 16.20, a P/E/G ratio of 1.32 and a beta of 3.08.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 9th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Thursday, February 8th. United States Steel’s dividend payout ratio (DPR) is presently 9.17%.
In other news, VP Colleen M. Darragh sold 9,700 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $30.00, for a total transaction of $291,000.00. Following the completion of the sale, the vice president now directly owns 19,136 shares in the company, valued at $574,080. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard Fruehauf sold 5,959 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $30.00, for a total value of $178,770.00. Following the sale, the insider now owns 7,960 shares of the company’s stock, valued at $238,800. The disclosure for this sale can be found here. Insiders sold 128,706 shares of company stock worth $4,653,456 over the last three months. 1.00% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of X. Alliancebernstein L.P. grew its stake in United States Steel by 3.3% in the second quarter. Alliancebernstein L.P. now owns 98,232 shares of the basic materials company’s stock worth $2,175,000 after purchasing an additional 3,120 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in United States Steel by 4.4% in the second quarter. PNC Financial Services Group Inc. now owns 43,810 shares of the basic materials company’s stock worth $971,000 after purchasing an additional 1,855 shares in the last quarter. Thrivent Financial For Lutherans grew its stake in United States Steel by 7.3% in the second quarter. Thrivent Financial For Lutherans now owns 35,230 shares of the basic materials company’s stock worth $780,000 after purchasing an additional 2,400 shares in the last quarter. New York State Common Retirement Fund grew its stake in United States Steel by 6.6% in the second quarter. New York State Common Retirement Fund now owns 364,000 shares of the basic materials company’s stock worth $8,059,000 after purchasing an additional 22,379 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in United States Steel in the second quarter worth about $359,000. Institutional investors and hedge funds own 64.18% of the company’s stock.
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About United States Steel
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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