United States Steel (X) Stock Price Down 0.7%

United States Steel Co. (NYSE:X) was down 0.7% during trading on Monday . The company traded as low as $34.56 and last traded at $34.81. Approximately 9,226,753 shares changed hands during trading, a decline of 19% from the average daily volume of 11,396,097 shares. The stock had previously closed at $34.58.

A number of equities research analysts have commented on X shares. BMO Capital Markets raised 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 note on Thursday, November 2nd. ValuEngine cut shares of United States Steel from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Longbow Research upgraded shares of United States Steel from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 20th. Bank of America set a $32.00 price objective on shares of United States Steel and gave the company a “buy” rating in a report on Friday, October 20th. Finally, Axiom Securities raised shares of United States Steel from a “sell” rating to a “hold” rating and cut their price objective for the company from $41.83 to $18.55 in a report on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $32.02.

The company has a quick ratio of 1.11, a current ratio of 1.75 and a debt-to-equity ratio of 0.81. The firm has a market cap of $6,050.00, a P/E ratio of 15.61, a P/E/G ratio of 1.32 and a beta of 3.08.

United States Steel (NYSE:X) last posted its quarterly earnings data on Wednesday, January 31st. The basic materials company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.67 by $0.09. The company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.10 billion. United States Steel had a net margin of 3.16% and a return on equity of 12.56%. United States Steel’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 earnings per share. sell-side analysts predict that United States Steel Co. will post 3.28 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 9th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.20 annualized dividend and a dividend yield of 0.59%. United States Steel’s dividend payout ratio (DPR) is 9.17%.

In related news, VP Colleen M. Darragh sold 1,060 shares of United States Steel stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $37.85, for a total value of $40,121.00. Following the completion of the sale, the vice president now directly owns 18,076 shares in the company, valued at $684,176.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David B. Burritt sold 36,072 shares of United States Steel stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $39.95, for a total value of $1,441,076.40. Following the completion of the sale, the chief executive officer now owns 166,411 shares of the company’s stock, valued at $6,648,119.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 128,706 shares of company stock valued at $4,653,456. Corporate insiders own 1.00% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Amerigo Asset Management purchased a new position in United States Steel in the third quarter valued at about $158,558,000. State Street Corp grew its stake in United States Steel by 6.2% in the second quarter. State Street Corp now owns 5,889,434 shares of the basic materials company’s stock valued at $130,394,000 after purchasing an additional 341,591 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in United States Steel by 7.9% in the second quarter. Dimensional Fund Advisors LP now owns 3,245,149 shares of the basic materials company’s stock valued at $71,851,000 after purchasing an additional 236,714 shares during the last quarter. Bank of New York Mellon Corp grew its stake in United States Steel by 2.2% in the third quarter. Bank of New York Mellon Corp now owns 1,970,333 shares of the basic materials company’s stock valued at $50,558,000 after purchasing an additional 41,931 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in United States Steel by 8.3% in the third quarter. Jennison Associates LLC now owns 1,016,750 shares of the basic materials company’s stock valued at $26,090,000 after purchasing an additional 77,905 shares during the last quarter. Hedge funds and other institutional investors own 64.18% of the company’s stock.

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United States Steel Company Profile

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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