Insider Selling: United States Steel Co. (X) VP Sells 10,000 Shares of Stock
United States Steel Co. (NYSE:X) VP David J. Rintoul sold 10,000 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $40.00, for a total transaction of $400,000.00. Following the completion of the sale, the vice president now owns 35,809 shares of the company’s stock, valued at approximately $1,432,360. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
United States Steel Co. (NYSE X) traded up $0.28 during trading hours on Thursday, reaching $40.27. 11,284,900 shares of the company’s stock traded hands, compared to its average volume of 10,829,141. 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 Co. has a 52-week low of $18.55 and a 52-week high of $41.83. The stock has a market cap of $7,050.00, a P/E ratio of 59.22, a P/E/G ratio of 1.53 and a beta of 3.00.
United States Steel (NYSE:X) last posted its earnings results on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $3.07 billion. During the same period last year, the firm posted $0.40 EPS. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. sell-side analysts predict that United States Steel Co. will post 1.82 EPS for the current year.
A number of large investors have recently bought and sold shares of the business. Moloney Securities Asset Management LLC purchased a new stake in shares of United States Steel during the fourth quarter worth about $231,000. James Investment Research Inc. purchased a new stake in shares of United States Steel during the fourth quarter worth about $2,591,000. Augustine Asset Management Inc. purchased a new stake in shares of United States Steel during the fourth quarter worth about $1,730,000. State of Alaska Department of Revenue purchased a new stake in shares of United States Steel during the fourth quarter worth about $365,000. Finally, Oakbrook Investments LLC grew its holdings in shares of United States Steel by 14.0% during the fourth quarter. Oakbrook Investments LLC now owns 12,600 shares of the basic materials company’s stock worth $443,000 after buying an additional 1,550 shares in the last quarter. Hedge funds and other institutional investors own 64.26% 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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