Christine S. Breves Sells 2,217 Shares of United States Steel Co. (NYSE:X) Stock

United States Steel Co. (NYSE:X – Get Rating) CFO Christine S. Breves sold 2,217 shares of United States Steel stock in a transaction dated Thursday, April 14th. The shares were sold at an average price of $38.00, for a total value of $84,246.00. Following the completion of the transaction, the chief financial officer now owns 215,875 shares in the company, valued at approximately $8,203,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of United States Steel stock traded up $0.12 during midday trading on Monday, reaching $37.16. The company had a trading volume of 9,128,807 shares, compared to its average volume of 19,006,166. The stock has a fifty day moving average price of $31.49 and a 200 day moving average price of $26.19. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.86 and a quick ratio of 1.28. The firm has a market cap of $9.68 billion, a PE ratio of 2.54 and a beta of 1.99. United States Steel Co. has a fifty-two week low of $17.98 and a fifty-two week high of $39.25.

United States Steel (NYSE:X – Get Rating) last posted its quarterly earnings data on Thursday, January 27th. The basic materials company reported $3.64 EPS for the quarter, missing the Zacks’ consensus estimate of $4.56 by ($0.92). The company had revenue of $5.62 billion during the quarter, compared to analyst estimates of $5.35 billion. United States Steel had a return on equity of 55.13% and a net margin of 20.86%. United States Steel’s revenue was up 119.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.27) earnings per share. As a group, sell-side analysts forecast that United States Steel Co. will post 9.71 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 8th. Investors of record on Monday, February 7th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Friday, February 4th. United States Steel’s dividend payout ratio is currently 1.37%.

A number of institutional investors and hedge funds have recently modified their holdings of X. Amundi Pioneer Asset Management Inc. lifted its stake in United States Steel by 1.8% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 159,943 shares of the basic materials company’s stock valued at $3,117,000 after buying an additional 2,795 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in United States Steel in the third quarter valued at approximately $131,000. Stephens Inc. AR acquired a new position in United States Steel in the third quarter valued at approximately $1,582,000. State of New Jersey Common Pension Fund D lifted its stake in United States Steel by 1.9% in the third quarter. State of New Jersey Common Pension Fund D now owns 163,207 shares of the basic materials company’s stock valued at $3,586,000 after buying an additional 3,075 shares during the period. Finally, Vontobel Holding Ltd. lifted its stake in United States Steel by 194.4% in the third quarter. Vontobel Holding Ltd. now owns 73,138 shares of the basic materials company’s stock valued at $1,607,000 after buying an additional 48,295 shares during the period. 68.19% of the stock is currently owned by hedge funds and other institutional investors.

X has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their target price on United States Steel from $28.00 to $31.00 and gave the company a “sell” rating in a research report on Tuesday, March 22nd. Wolfe Research lowered United States Steel from a “market perform” rating to an “underperform” rating and set a $24.00 price target on the stock. in a research note on Tuesday, January 11th. Morgan Stanley raised United States Steel from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $21.00 to $31.00 in a research note on Sunday, March 6th. JPMorgan Chase & Co. lifted their price target on United States Steel from $30.00 to $33.00 and gave the company an “underweight” rating in a research note on Thursday, March 24th. Finally, StockNews.com initiated coverage on United States Steel in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $31.30.

United States Steel Company Profile (Get Rating)

United States Steel Corp. engages in the manufacturing and selling of steel products. It operates through the following business segments: Flat-Rolled Products, Mini Mill, U.S. Steel Europe, and Tubular Products. The Flat-Rolled Products segment includes managing steel plants and production facilities that manufacture steel slabs, rounds, strip mill plates, sheets, tin mill, iron ore, and coke.

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