United States Steel Co. (NYSE:X) CFO Christine S. Breves sold 24,282 shares of the business’s stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $25.54, for a total value of $620,162.28. Following the sale, the chief financial officer now directly owns 203,972 shares of the company’s stock, valued at $5,209,444.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of X stock opened at $23.62 on Thursday. The company has a quick ratio of 1.54, a current ratio of 2.30 and a debt-to-equity ratio of 1.51. The firm has a market cap of $6.35 billion, a P/E ratio of -2.33 and a beta of 2.39. The company has a 50 day moving average of $20.92 and a 200-day moving average of $15.76. United States Steel Co. has a 12-month low of $6.30 and a 12-month high of $27.40.

United States Steel (NYSE:X) last released its earnings results on Wednesday, January 27th. The basic materials company reported ($0.27) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.68) by $0.41. United States Steel had a negative return on equity of 18.78% and a negative net margin of 16.25%. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same period last year, the business posted ($0.64) earnings per share. The business’s revenue for the quarter was down 9.3% on a year-over-year basis. As a group, equities analysts expect that United States Steel Co. will post -5.57 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 9th. Stockholders of record on Monday, February 8th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date was Friday, February 5th. United States Steel’s dividend payout ratio is currently 44.44%.

Several brokerages recently issued reports on X. TheStreet raised United States Steel from a “d” rating to a “c-” rating in a research report on Friday, January 29th. Deutsche Bank Aktiengesellschaft raised shares of United States Steel from a “sell” rating to a “buy” rating in a report on Friday, January 8th. BMO Capital Markets raised their price target on shares of United States Steel from $21.00 to $25.00 and gave the company a “market perform” rating in a research report on Monday, March 15th. Argus reaffirmed a “hold” rating on shares of United States Steel in a research report on Monday, March 22nd. Finally, Morgan Stanley lifted their target price on shares of United States Steel from $18.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. United States Steel currently has an average rating of “Hold” and a consensus target price of $15.00.

A number of hedge funds have recently modified their holdings of the business. Grassi Investment Management bought a new position in shares of United States Steel during the 4th quarter valued at $495,000. Dupont Capital Management Corp purchased a new position in shares of United States Steel in the fourth quarter valued at about $223,000. Newport Trust Co bought a new position in shares of United States Steel during the fourth quarter valued at about $46,174,000. International Assets Investment Management LLC purchased a new stake in shares of United States Steel during the fourth quarter worth about $49,000. Finally, Stansberry Asset Management LLC purchased a new position in United States Steel during the 4th quarter valued at about $16,383,000. 60.36% of the stock is owned by hedge funds and other institutional investors.

United States Steel Company Profile

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through three segments: North American Flat-Rolled (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets and tin mill products, as well as all iron ore and coke.

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