United States Steel Corp. (NYSE:X) – Research analysts at KeyCorp lifted their FY2016 earnings per share (EPS) estimates for United States Steel Corp. in a research report issued on Wednesday. KeyCorp analyst P. Gibbs now forecasts that the firm will earn ($1.87) per share for the year, up from their previous forecast of ($1.95). KeyCorp currently has a “Underweight” rating and a $18.00 target price on the stock. KeyCorp also issued estimates for United States Steel Corp.’s Q4 2016 earnings at $0.02 EPS and FY2017 earnings at $0.70 EPS.

Several other equities analysts have also commented on the company. Vetr lowered United States Steel Corp. from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a report on Monday. Jefferies Group increased their target price on United States Steel Corp. from $13.00 to $17.00 and gave the company an “underperform” rating in a report on Thursday, July 28th. Credit Suisse Group AG set a $29.00 target price on United States Steel Corp. and gave the company a “buy” rating in a report on Wednesday, July 27th. Bank of America Corp. lowered United States Steel Corp. from a “neutral” rating to an “underperform” rating and set a $21.00 target price on the stock. in a report on Thursday, July 28th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $21.00 target price on shares of United States Steel Corp. in a report on Friday, November 4th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $22.00.

Earnings History and Estimates for United States Steel Corp. (NYSE:X)

Shares of United States Steel Corp. (NYSE:X) opened at 28.57 on Monday. The firm’s market cap is $4.93 billion. The firm’s 50-day moving average price is $19.23 and its 200-day moving average price is $18.91. United States Steel Corp. has a 12 month low of $6.15 and a 12 month high of $29.42.

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

In other news, VP David J. Rintoul sold 18,330 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $28.19, for a total transaction of $516,722.70. Following the completion of the transaction, 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 SEC, which is available at the SEC website. 1.31% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its position in shares of United States Steel Corp. by 8.7% in the first quarter. Geode Capital Management LLC now owns 917,525 shares of the company’s stock worth $14,725,000 after buying an additional 73,053 shares during the period. Wellington Management Group LLP acquired a new position in shares of United States Steel Corp. during the first quarter worth $14,903,000. Legal & General Group Plc boosted its position in shares of United States Steel Corp. by 38.6% in the first quarter. Legal & General Group Plc now owns 299,036 shares of the company’s stock worth $4,811,000 after buying an additional 83,297 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in shares of United States Steel Corp. during the first quarter worth $877,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of United States Steel Corp. during the first quarter worth $184,000. 62.09% of the stock is owned by institutional investors and hedge funds.

About United States Steel Corp.

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).

5 Day Chart for NYSE:X

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