United States Steel Corp. (NYSE:X) was downgraded by research analysts at Argus from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Several other research analysts have also recently issued reports on the stock. Rosenblatt Securities cut shares of United States Steel Corp. from a “buy” rating to a “neutral” rating in a report on Monday, November 21st. They noted that the move was a valuation call. Jefferies Group raised United States Steel Corp. from a “hold” rating to a “buy” rating and raised their price target for the stock from $17.50 to $26.00 in a research note on Wednesday, November 9th. Vetr raised United States Steel Corp. from a “buy” rating to a “strong-buy” rating and set a $21.99 price objective for the company in a research report on Tuesday, August 30th. Citigroup Inc. assumed coverage on United States Steel Corp. in a research report on Monday, August 22nd. They set a “buy” rating and a $27.00 price objective for the company. Finally, TheStreet raised United States Steel Corp. from a “sell” rating to a “hold” rating in a research report on Friday. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $22.00.

Analyst Recommendations for United States Steel Corp. (NYSE:X)

United States Steel Corp. (NYSE:X) opened at 32.17 on Tuesday. The stock has a 50 day moving average of $22.55 and a 200-day moving average of $19.81. The firm’s market cap is $5.55 billion. United States Steel Corp. has a 12 month low of $6.15 and a 12 month high of $33.78.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Friday, November 11th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend is Tuesday, November 8th. United States Steel Corp.’s dividend payout ratio (DPR) is -2.19%.

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In related news, VP David B. Burritt sold 51,791 shares of United States Steel Corp. stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $32.56, for a total transaction of $1,686,314.96. Following the transaction, the vice president now owns 135,672 shares in the company, valued at $4,417,480.32. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP David J. Rintoul sold 18,330 shares of United States Steel Corp. stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $28.19, for a total value of $516,722.70. Following the transaction, the vice president now owns 61,957 shares in the company, valued at approximately $1,746,567.83. The disclosure for this sale can be found here. Corporate insiders own 1.31% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the company. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in United States Steel Corp. during the third quarter worth approximately $103,000. D.A. Davidson & CO. boosted its stake 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 worth $104,000 after buying an additional 2,188 shares during the last quarter. Advisor Group Inc. purchased a new stake in shares of United States Steel Corp. during the second quarter worth $120,000. DekaBank Deutsche Girozentrale boosted its stake 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 worth $133,000 after buying an additional 3,160 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its stake 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 worth $148,000 after buying an additional 3,675 shares during the last quarter. Hedge funds and other institutional investors own 76.89% of the company’s stock.

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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