United States Steel Corp. (NYSE:X) VP James E. Bruno sold 704 shares of the stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $32.10, for a total transaction of $22,598.40. Following the completion of the transaction, the vice president now owns 61,259 shares in the company, valued at $1,966,413.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

United States Steel Corp. (NYSE:X) opened at 31.16 on Wednesday. The stock’s market cap is $5.37 billion. United States Steel Corp. has a 12 month low of $6.15 and a 12 month high of $33.78. The stock has a 50 day moving average of $22.55 and a 200-day moving average of $19.81.

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

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Several large investors have recently made changes to their positions in X. Anchor Bolt Capital LP raised its stake in shares of United States Steel Corp. by 473.2% in the second quarter. Anchor Bolt Capital LP now owns 4,694,947 shares of the company’s stock worth $79,157,000 after buying an additional 3,875,834 shares in the last quarter. United States Steel & Carnegie Pension Fund purchased a new stake in shares of United States Steel Corp. during the third quarter worth about $70,982,000. Allianz Asset Management AG raised its stake in shares of United States Steel Corp. by 361.3% in the second quarter. Allianz Asset Management AG now owns 2,795,482 shares of the company’s stock worth $47,132,000 after buying an additional 2,189,432 shares in the last quarter. Impala Asset Management LLC raised its stake in shares of United States Steel Corp. by 192.5% in the second quarter. Impala Asset Management LLC now owns 2,854,325 shares of the company’s stock worth $48,124,000 after buying an additional 1,878,547 shares in the last quarter. Finally, Laurion Capital Management LP raised its stake in shares of United States Steel Corp. by 100.7% in the second quarter. Laurion Capital Management LP now owns 11,700 shares of the company’s stock worth $197,000 after buying an additional 1,732,700 shares in the last quarter. 76.89% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on X. Credit Suisse Group AG set a $29.00 price objective on shares of United States Steel Corp. and gave the stock a “buy” rating in a research note on Saturday, October 8th. Argus cut shares of United States Steel Corp. from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $33.78 to $6.15 in a research note on Tuesday. Macquarie reaffirmed an “underperform” rating on shares of United States Steel Corp. in a research note on Wednesday. Barclays PLC raised their target price on shares of United States Steel Corp. from $16.00 to $22.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 3rd. Finally, Clarkson Capital raised shares of United States Steel Corp. from a “sell” rating to a “neutral” rating in a research note on Tuesday, August 2nd. 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 a consensus price target of $20.74.

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).

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