Insider Selling: United States Steel Corporation (X) SVP Sells 3,606 Shares of Stock

United States Steel Corporation (NYSE:X) SVP Sara A. Greenstein sold 3,606 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $30.00, for a total transaction of $108,180.00. Following the completion of the transaction, the senior vice president now owns 51,744 shares of the company’s stock, valued at approximately $1,552,320. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of United States Steel Corporation (NYSE:X) traded down $0.01 during trading hours on Tuesday, reaching $29.83. 9,053,480 shares of the company’s stock were exchanged, compared to its average volume of 16,547,576. United States Steel Corporation has a 12-month low of $18.55 and a 12-month high of $41.83. The company has a current ratio of 1.89, a quick ratio of 1.23 and a debt-to-equity ratio of 1.03. The company has a market cap of $5,190.00, a price-to-earnings ratio of 20.49 and a beta of 3.00.

United States Steel (NYSE:X) last issued its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the prior year, the firm earned $0.40 EPS. The company’s revenue was up 20.9% on a year-over-year basis. analysts expect that United States Steel Corporation will post 1.8 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 10th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Thursday, November 9th. United States Steel’s dividend payout ratio is currently 29.41%.

A number of large investors have recently modified their holdings of X. Enterprise Financial Services Corp bought a new stake in United States Steel during the 3rd quarter worth about $120,000. Global X Management Co. LLC grew its holdings in United States Steel by 221.0% during the 2nd quarter. Global X Management Co. LLC now owns 5,473 shares of the basic materials company’s stock worth $121,000 after acquiring an additional 3,768 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in United States Steel by 10.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the basic materials company’s stock worth $154,000 after acquiring an additional 674 shares during the last quarter. NJ State Employees Deferred Compensation Plan bought a new stake in United States Steel during the 3rd quarter worth about $205,000. Finally, Sigma Planning Corp grew its holdings in United States Steel by 21.3% during the 2nd quarter. Sigma Planning Corp now owns 9,662 shares of the basic materials company’s stock worth $214,000 after acquiring an additional 1,696 shares during the last quarter. 64.27% of the stock is currently owned by hedge funds and other institutional investors.

X has been the subject of a number of recent analyst reports. Jefferies Group reiterated a “buy” rating and set a $32.00 target price on shares of United States Steel in a research report on Thursday, August 31st. BidaskClub upgraded shares of United States Steel from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Bank of America upgraded shares of United States Steel from a “neutral” rating to a “buy” rating and increased their target price for the stock from $29.00 to $31.00 in a research report on Tuesday, September 5th. Cowen reiterated a “hold” rating and set a $24.00 target price on shares of United States Steel in a research report on Friday, September 1st. Finally, BMO Capital Markets increased their target price on shares of 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. Three 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 stock. The company currently has an average rating of “Hold” and a consensus price target of $29.34.

ILLEGAL ACTIVITY WARNING: “Insider Selling: United States Steel Corporation (X) SVP Sells 3,606 Shares of Stock” was published by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.com-unik.info/2017/12/05/insider-selling-united-states-steel-corporation-x-svp-sells-3606-shares-of-stock.html.

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).

Insider Buying and Selling by Quarter for United States Steel (NYSE:X)

What are top analysts saying about United States Steel Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for United States Steel Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit