United States Steel (X) Shares Down 0%

United States Steel Co. (NYSE:X)’s share price traded down 0% during trading on Friday . The company traded as low as $33.92 and last traded at $34.49. 15,805,783 shares traded hands during mid-day trading, an increase of 14% from the average session volume of 13,897,258 shares. The stock had previously closed at $34.49.

X has been the topic of several analyst reports. ValuEngine downgraded United States Steel from a “buy” rating to a “hold” rating in a report on Monday. Citigroup upgraded United States Steel from a “neutral” rating to a “buy” rating and raised their target price for the company from $18.55 to $47.64 in a report on Monday. Zacks Investment Research downgraded United States Steel from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 14th. Goldman Sachs initiated coverage on United States Steel in a report on Tuesday, March 20th. They set a “neutral” rating and a $45.00 target price on the stock. Finally, Deutsche Bank raised their target price on United States Steel from $44.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, March 29th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $40.11.

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The company has a debt-to-equity ratio of 0.81, a current ratio of 1.75 and a quick ratio of 1.11. The company has a market cap of $6,154.15, a price-to-earnings ratio of 17.78, a P/E/G ratio of 0.94 and a beta of 2.97.

United States Steel (NYSE:X) last issued its quarterly earnings data on Wednesday, January 31st. The basic materials company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. United States Steel had a return on equity of 12.56% and a net margin of 3.16%. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the firm earned $0.27 EPS. United States Steel’s quarterly revenue was up 18.2% on a year-over-year basis. research analysts forecast that United States Steel Co. will post 4.67 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 9th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.58%. United States Steel’s dividend payout ratio (DPR) is presently 10.31%.

In other news, insider Richard Fruehauf sold 1,594 shares of United States Steel stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $45.05, for a total value of $71,809.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David J. Rintoul sold 10,000 shares of United States Steel stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $40.00, for a total value of $400,000.00. Following the completion of the transaction, the vice president now owns 35,809 shares of the company’s stock, valued at approximately $1,432,360. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 114,895 shares of company stock valued at $4,742,234. 1.01% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its position in United States Steel by 0.8% during the 4th quarter. BlackRock Inc. now owns 14,848,328 shares of the basic materials company’s stock valued at $522,514,000 after purchasing an additional 116,386 shares during the period. Slate Path Capital LP boosted its position in United States Steel by 47.1% during the 4th quarter. Slate Path Capital LP now owns 3,280,000 shares of the basic materials company’s stock valued at $115,423,000 after purchasing an additional 1,050,000 shares during the period. Millennium Management LLC boosted its position in United States Steel by 23,428.9% during the 4th quarter. Millennium Management LLC now owns 2,210,301 shares of the basic materials company’s stock valued at $77,780,000 after purchasing an additional 2,200,907 shares during the period. Bank of New York Mellon Corp boosted its position in United States Steel by 2.7% during the 4th quarter. Bank of New York Mellon Corp now owns 2,023,402 shares of the basic materials company’s stock valued at $71,203,000 after purchasing an additional 53,069 shares during the period. Finally, Geode Capital Management LLC boosted its position in United States Steel by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 1,477,929 shares of the basic materials company’s stock valued at $52,008,000 after purchasing an additional 23,879 shares during the period. Institutional investors own 68.27% 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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