United States Steel Corp. (NYSE:X) VP David J. Rintoul sold 18,330 shares of the stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $28.19, for a total transaction of $516,722.70. Following the sale, the vice president now directly owns 61,957 shares of the company’s stock, valued at approximately $1,746,567.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

United States Steel Corp. (NYSE:X) traded down 2.06% during mid-day trading on Friday, hitting $28.57. 16,101,329 shares of the stock traded hands. The firm’s 50-day moving average is $20.23 and its 200 day moving average is $19.19. The firm’s market cap is $4.59 billion. United States Steel Corp. has a 52-week low of $6.15 and a 52-week high of $29.49.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Friday, November 11th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Tuesday, November 8th. United States Steel Corp.’s payout ratio is -2.19%.

Several brokerages recently commented on X. Zacks Investment Research upgraded shares of United States Steel Corp. from a “sell” rating to a “hold” rating in a report on Tuesday. Morgan Stanley upgraded shares of United States Steel Corp. from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $19.00 to $46.00 in a report on Monday. Vetr upgraded shares of United States Steel Corp. from a “hold” rating to a “strong-buy” rating and set a $30.00 target price for the company in a report on Monday. Deutsche Bank AG upgraded shares of United States Steel Corp. from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Wednesday, November 9th. Finally, Jefferies Group upgraded shares of United States Steel Corp. from a “hold” rating to a “buy” rating and increased their target price for the stock from $17.50 to $26.00 in a report on Wednesday, November 9th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.00.

Hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in shares of United States Steel Corp. during the third quarter worth approximately $103,000. D.A. Davidson & CO. raised its position in shares of United States Steel Corp. by 65.1% in the third quarter. D.A. Davidson & CO. now owns 5,550 shares of the company’s stock valued at $104,000 after buying an additional 2,188 shares in the last quarter. Advisor Group Inc. purchased a new position in shares of United States Steel Corp. during the second quarter valued at approximately $120,000. DekaBank Deutsche Girozentrale raised its position in shares of United States Steel Corp. by 61.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 8,337 shares of the company’s stock valued at $133,000 after buying an additional 3,160 shares in the last quarter. Finally, LS Investment Advisors LLC raised its position in shares of United States Steel Corp. by 71.9% in the second quarter. LS Investment Advisors LLC now owns 8,787 shares of the company’s stock valued at $148,000 after buying an additional 3,675 shares in the last quarter. 62.09% of the stock is owned by institutional investors.

United States Steel Corp. Company Profile

United States Steel Corporation (U. S. Steel) 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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