United States Steel Co. (NYSE:X) SVP David J. Rintoul sold 10,883 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $33.50, for a total value of $364,580.50. Following the transaction, the senior vice president now owns 61,279 shares in the company, valued at approximately $2,052,846.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of United States Steel Co. (X) opened at $32.84 on Thursday. United States Steel Co. has a 12-month low of $18.55 and a 12-month high of $41.83. The firm has a market capitalization of $5,774.82, a PE ratio of 23.08 and a beta of 3.00. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.23 and a current ratio of 1.89.

United States Steel (NYSE:X) last issued its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.25. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.07 billion. United States Steel had a return on equity of 10.27% and a net margin of 1.05%. The company’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the company earned $0.40 earnings per share. equities analysts expect that United States Steel Co. will post 1.79 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 10th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Thursday, November 9th. United States Steel’s dividend payout ratio is presently 29.85%.

Several equities analysts have recently commented on the company. Axiom Securities upgraded United States Steel from a “sell” rating to a “hold” rating and cut their price target for the company from $41.83 to $18.55 in a research note on Monday. ValuEngine upgraded United States Steel from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Bank of America set a $32.00 price target on United States Steel and gave the company a “buy” rating in a research note on Friday, October 20th. Macquarie initiated coverage on United States Steel in a research note on Wednesday, September 6th. They set an “outperform” rating and a $31.00 price target on the stock. Finally, KeyCorp reaffirmed a “hold” rating on shares of United States Steel in a research report on Friday, November 17th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $29.61.

A number of hedge funds and other institutional investors have recently modified their holdings of X. Enterprise Financial Services Corp acquired a new stake in United States Steel in the third quarter worth about $120,000. Global X Management Co. LLC boosted its holdings in United States Steel by 221.0% in the second quarter. Global X Management Co. LLC now owns 5,473 shares of the basic materials company’s stock worth $121,000 after acquiring an additional 3,768 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in United States Steel by 10.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the basic materials company’s stock worth $154,000 after acquiring an additional 674 shares in the last quarter. NJ State Employees Deferred Compensation Plan acquired a new stake in United States Steel in the third quarter worth about $205,000. Finally, Sigma Planning Corp boosted its holdings in United States Steel by 21.3% in the second quarter. Sigma Planning Corp now owns 9,662 shares of the basic materials company’s stock worth $214,000 after acquiring an additional 1,696 shares in the last quarter. 64.27% of the stock is owned by institutional investors and hedge funds.

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United States Steel Company Profile

United States Steel Corporation 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).

Insider Buying and Selling by Quarter for United States Steel (NYSE:X)

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