An issue of United States Steel Corporation (NYSE:X) bonds fell 1.6% against their face value during trading on Tuesday. The high-yield issue of debt has a 6.875% coupon and will mature on August 15, 2025. The bonds in the issue are now trading at $102.25 and were trading at $103.88 last week. Price changes in a company’s bonds in credit markets often anticipate parallel changes in its stock price.

X has been the subject of several analyst reports. Standpoint Research downgraded United States Steel Corporation from a “buy” rating to a “reduce” rating in a research report on Tuesday, September 5th. BidaskClub raised United States Steel Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Axiom Securities reaffirmed a “sell” rating on shares of United States Steel Corporation in a research report on Thursday, July 13th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $32.00 target price on shares of United States Steel Corporation in a research report on Thursday, August 31st. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $25.00 target price (up previously from $24.00) on shares of United States Steel Corporation in a research report on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. United States Steel Corporation has a consensus rating of “Hold” and an average price target of $28.34.

Shares of United States Steel Corporation (X) traded down 4.31% during mid-day trading on Tuesday, hitting $25.32. The stock had a trading volume of 24,751,591 shares. The firm has a 50 day moving average of $26.16 and a 200 day moving average of $23.94. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of 160.25 and a beta of 2.89. United States Steel Corporation has a one year low of $17.05 and a one year high of $41.83.

United States Steel Corporation (NYSE:X) last posted its earnings results on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.18. United States Steel Corporation had a net margin of 0.24% and a return on equity of 6.50%. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. United States Steel Corporation’s quarterly revenue was up 20.9% compared to the same quarter last year. On average, analysts forecast that United States Steel Corporation will post $1.65 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 10th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.79%. United States Steel Corporation’s dividend payout ratio (DPR) is presently 125.00%.

In other United States Steel Corporation news, Director Murry Gerber bought 4,000 shares of the company’s stock in a transaction on Friday, September 1st. The stock was bought at an average price of $26.89 per share, for a total transaction of $107,560.00. Following the transaction, the director now owns 168,457 shares of the company’s stock, valued at approximately $4,529,808.73. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kevin Bradley bought 22,835 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were acquired at an average price of $27.62 per share, with a total value of $630,702.70. Following the transaction, the chief financial officer now directly owns 30,415 shares in the company, valued at approximately $840,062.30. The disclosure for this purchase can be found here. Insiders purchased a total of 64,597 shares of company stock valued at $1,764,452 in the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its position in shares of United States Steel Corporation by 0.4% during the 2nd quarter. BlackRock Inc. now owns 14,343,698 shares of the basic materials company’s stock valued at $317,570,000 after acquiring an additional 63,943 shares during the last quarter. State Street Corp raised its position in shares of United States Steel Corporation by 6.2% during the 2nd quarter. State Street Corp now owns 5,889,434 shares of the basic materials company’s stock valued at $130,394,000 after acquiring an additional 341,591 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of United States Steel Corporation by 7.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,245,149 shares of the basic materials company’s stock valued at $71,851,000 after acquiring an additional 236,714 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of United States Steel Corporation by 5.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,928,402 shares of the basic materials company’s stock valued at $42,695,000 after acquiring an additional 93,579 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new stake in shares of United States Steel Corporation during the 2nd quarter valued at $37,749,000. Institutional investors own 63.77% of the company’s stock.

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About United States Steel Corporation

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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