David J. Rintoul Sells 14,290 Shares of United States Steel Co. (X) Stock
United States Steel Co. (NYSE:X) SVP David J. Rintoul sold 14,290 shares of United States Steel stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $35.00, for a total value of $500,150.00. Following the transaction, the senior vice president now directly owns 70,099 shares in the company, valued at $2,453,465. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
United States Steel Co. (NYSE X) opened at $35.11 on Friday. The firm has a market capitalization of $6,242.05, a PE ratio of 52.40 and a beta of 3.00. United States Steel Co. has a 12 month low of $18.55 and a 12 month high of $41.83. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.89 and a quick ratio of 1.23.
United States Steel (NYSE:X) last issued its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.25. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.07 billion. United States Steel had a return on equity of 10.27% and a net margin of 1.05%. United States Steel’s revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the business posted $0.40 EPS. analysts expect that United States Steel Co. will post 1.79 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 10th were paid a $0.05 dividend. The ex-dividend date was Thursday, November 9th. This represents a $0.20 dividend on an annualized basis and a yield of 0.57%. United States Steel’s dividend payout ratio is currently 29.85%.
A number of institutional investors and hedge funds have recently modified their holdings of X. BlackRock Inc. boosted its position in United States Steel by 0.4% during the 2nd quarter. BlackRock Inc. now owns 14,343,698 shares of the basic materials company’s stock worth $317,570,000 after acquiring an additional 63,943 shares during the period. Amerigo Asset Management acquired a new stake in United States Steel during the 3rd quarter worth about $158,558,000. State Street Corp boosted its position in United States Steel by 6.2% during the 2nd quarter. State Street Corp now owns 5,889,434 shares of the basic materials company’s stock worth $130,394,000 after acquiring an additional 341,591 shares during the period. Dimensional Fund Advisors LP boosted its position in United States Steel by 7.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,245,149 shares of the basic materials company’s stock worth $71,851,000 after acquiring an additional 236,714 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in United States Steel by 2.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,970,333 shares of the basic materials company’s stock worth $50,558,000 after acquiring an additional 41,931 shares during the period. 64.22% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently issued reports on X shares. Bank of America raised United States Steel from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $29.00 to $31.00 in a report on Tuesday, September 5th. Jefferies Group reaffirmed a “buy” rating and set a $32.00 target price on shares of United States Steel in a report on Thursday, August 31st. BMO Capital Markets lifted their target price on United States Steel from $29.00 to $33.00 and gave the stock a “market perform” rating in a report on Thursday, November 2nd. BidaskClub raised United States Steel from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Finally, Cowen reaffirmed a “hold” rating and set a $24.00 target price on shares of United States Steel in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $29.61.
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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