United States Steel Co. (NYSE:X) CAO Sells $115,665.00 in Stock

United States Steel Co. (NYSE:XGet Rating) CAO Manpreet Grewal sold 3,505 shares of the business’s stock in a transaction that occurred on Friday, April 29th. The shares were sold at an average price of $33.00, for a total transaction of $115,665.00. Following the completion of the sale, the chief accounting officer now directly owns 23,913 shares in the company, valued at $789,129. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Manpreet Grewal also recently made the following trade(s):

  • On Monday, April 4th, Manpreet Grewal sold 1,359 shares of United States Steel stock. The shares were sold at an average price of $37.71, for a total transaction of $51,247.89.

Shares of NYSE:X opened at $29.81 on Tuesday. United States Steel Co. has a 52 week low of $17.98 and a 52 week high of $39.25. The company’s 50 day moving average is $33.59 and its two-hundred day moving average is $27.12. The company has a current ratio of 1.86, a quick ratio of 1.28 and a debt-to-equity ratio of 0.42. The company has a market cap of $7.77 billion, a PE ratio of 1.73 and a beta of 1.99.

United States Steel (NYSE:XGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The basic materials company reported $3.05 EPS for the quarter, beating the Zacks’ consensus estimate of $2.95 by $0.10. United States Steel had a net margin of 23.01% and a return on equity of 57.72%. The company had revenue of $5.23 billion for the quarter, compared to the consensus estimate of $5.26 billion. During the same period in the prior year, the firm posted $1.08 EPS. The company’s quarterly revenue was up 42.8% compared to the same quarter last year. As a group, equities research analysts expect that United States Steel Co. will post 10.13 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 8th. Stockholders of record on Monday, May 9th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Friday, May 6th. United States Steel’s payout ratio is 1.16%.

Several institutional investors have recently modified their holdings of X. North Star Investment Management Corp. boosted its holdings in shares of United States Steel by 2,000.0% in the 4th quarter. North Star Investment Management Corp. now owns 1,050 shares of the basic materials company’s stock valued at $25,000 after buying an additional 1,000 shares in the last quarter. Byrne Asset Management LLC acquired a new position in shares of United States Steel in the 4th quarter valued at $26,000. Rational Advisors LLC acquired a new position in shares of United States Steel in the 4th quarter valued at $27,000. Moors & Cabot Inc. acquired a new position in shares of United States Steel in the 3rd quarter valued at $30,000. Finally, Norwood Financial Corp acquired a new position in shares of United States Steel in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 72.56% of the company’s stock.

A number of research firms have recently issued reports on X. The Goldman Sachs Group boosted their price target on shares of United States Steel from $28.00 to $31.00 and gave the company a “sell” rating in a research note on Tuesday, March 22nd. Wolfe Research downgraded shares of 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. StockNews.com began coverage on shares of United States Steel in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. JPMorgan Chase & Co. boosted their price target on shares of 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, Morgan Stanley raised shares of United States Steel from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $21.00 to $31.00 in a research note on Sunday, March 6th. Three equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $31.30.

About United States Steel (Get Rating)

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through four segments: North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.

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

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