United States Steel Co. (X) SVP David J. Rintoul Sells 14,290 Shares of Stock

United States Steel Co. (NYSE:X) SVP David J. Rintoul sold 14,290 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $35.00, for a total transaction of $500,150.00. Following the sale, the senior vice president now directly owns 70,099 shares of the company’s stock, valued at $2,453,465. The sale was disclosed in a document filed with the SEC, which is available through this link.

United States Steel Co. (NYSE X) traded down $0.56 during mid-day trading on Friday, hitting $35.11. 7,526,653 shares of the company were exchanged, compared to its average volume of 10,597,592. The stock has a market capitalization of $6,242.05, a price-to-earnings ratio of 52.40 and a beta of 3.00. United States Steel Co. has a 1 year low of $18.55 and a 1 year high of $41.83. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.23 and a current ratio of 1.89.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.25. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate 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 period last year, the company earned $0.40 earnings per share. research analysts anticipate that United States Steel Co. will post 1.79 EPS 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 given 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 presently 29.85%.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Advisor Group Inc. lifted its position in United States Steel by 3.2% in the second quarter. Advisor Group Inc. now owns 9,834 shares of the basic materials company’s stock worth $218,000 after buying an additional 308 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of United States Steel by 10.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the basic materials company’s stock worth $154,000 after purchasing an additional 674 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of United States Steel by 1.7% during the second quarter. Ameritas Investment Partners Inc. now owns 52,267 shares of the basic materials company’s stock worth $1,157,000 after purchasing an additional 889 shares during the last quarter. Flinton Capital Management LLC lifted its position in shares of United States Steel by 1.8% during the second quarter. Flinton Capital Management LLC now owns 51,660 shares of the basic materials company’s stock worth $1,144,000 after purchasing an additional 924 shares during the last quarter. Finally, Riverhead Capital Management LLC lifted its position in shares of United States Steel by 2.1% during the second quarter. Riverhead Capital Management LLC now owns 46,239 shares of the basic materials company’s stock worth $1,024,000 after purchasing an additional 939 shares during the last quarter. Institutional investors own 64.22% of the company’s stock.

A number of equities research analysts have issued reports on X shares. Bank of America raised shares of United States Steel from a “neutral” rating to a “buy” rating and increased their price objective for the company from $29.00 to $31.00 in a report on Tuesday, September 5th. Jefferies Group reissued a “buy” rating and issued a $32.00 target price on shares of United States Steel in a report on Thursday, August 31st. BMO Capital Markets raised their target price on shares of United States Steel from $29.00 to $33.00 and gave the company a “market perform” rating in a report on Thursday, November 2nd. BidaskClub raised shares of United States Steel from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Finally, Cowen reissued a “hold” rating and issued a $24.00 target price on shares of United States Steel in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. United States Steel currently has an average rating of “Buy” and an average target price of $29.61.

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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).

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

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