United States Steel Corp. (NYSE:X) VP David B. Burritt sold 51,791 shares of the stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $32.56, for a total value of $1,686,314.96. Following the completion of the transaction, the vice president now directly owns 135,672 shares of the company’s stock, valued at $4,417,480.32. The sale was disclosed in a filing with the SEC, which is available through this link.

United States Steel Corp. (NYSE:X) opened at 31.16 on Wednesday. The firm’s 50-day moving average is $22.68 and its 200 day moving average is $19.85. The firm’s market capitalization is $5.37 billion. United States Steel Corp. has a 52-week low of $6.15 and a 52-week high of $33.78.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Friday, November 11th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.64%. United States Steel Corp.’s payout ratio is -2.19%.

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X has been the subject of a number of research reports. Zacks Investment Research raised United States Steel Corp. from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Monday, August 29th. Citigroup Inc. initiated coverage on United States Steel Corp. in a research note on Monday, August 22nd. They set a “buy” rating and a $27.00 price target for the company. Rosenblatt Securities decreased their price target on United States Steel Corp. from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Monday, August 15th. Credit Suisse Group AG set a $29.00 price target on United States Steel Corp. and gave the company a “buy” rating in a research note on Thursday, September 22nd. Finally, Vetr lowered United States Steel Corp. from a “strong-buy” rating to a “buy” rating and set a $23.28 price target for the company. in a research note on Tuesday, November 8th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $20.74.

Large investors have recently modified their holdings of the stock. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in shares of United States Steel Corp. during the third quarter worth about $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 about $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. 76.89% of the stock is currently 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).

5 Day Chart for NYSE:X

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