United States Steel Co. (NYSE:X) CEO David B. Burritt sold 6,936 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $39.95, for a total value of $277,093.20. Following the completion of the sale, the chief executive officer now directly owns 179,567 shares of the company’s stock, valued at approximately $7,173,701.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of United States Steel Co. (NYSE:X) traded up $0.29 during trading hours on Friday, hitting $34.24. The stock had a trading volume of 13,210,000 shares, compared to its average volume of 11,410,000. United States Steel Co. has a one year low of $18.55 and a one year high of $41.83. The firm has a market cap of $5,990.00, a P/E ratio of 15.71, a PEG ratio of 1.08 and a beta of 3.08. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.75 and a quick ratio of 1.11.
United States Steel (NYSE:X) last announced its quarterly earnings data on Wednesday, January 31st. The basic materials company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.10 billion. United States Steel had a return on equity of 12.56% and a net margin of 3.16%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 EPS. research analysts expect that United States Steel Co. will post 3.95 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE raised its holdings in shares of United States Steel by 81.2% during the fourth quarter. US Bancorp DE now owns 4,563 shares of the basic materials company’s stock worth $160,000 after acquiring an additional 2,045 shares in the last quarter. Enterprise Financial Services Corp purchased a new stake in shares of United States Steel during the third quarter worth $120,000. Dynamic Advisors Solutions LLC purchased a new stake in shares of United States Steel during the fourth quarter worth $202,000. CIBC Asset Management Inc purchased a new stake in shares of United States Steel during the fourth quarter worth $209,000. Finally, Wedbush Securities Inc. purchased a new stake in shares of United States Steel during the fourth quarter worth $214,000. Institutional investors own 64.18% of the company’s stock.
X has been the topic of several research reports. BMO Capital Markets upped their price objective on United States Steel from $29.00 to $33.00 and gave the company a “market perform” rating in a research note on Thursday, November 2nd. Cowen upgraded United States Steel from an “underperform” rating to a “market perform” rating and increased their price target for the stock from $20.00 to $28.00 in a research report on Thursday, November 2nd. ValuEngine cut United States Steel from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Bank of America set a $46.00 price target on United States Steel and gave the stock a “buy” rating in a research report on Monday, January 8th. Finally, Longbow Research upgraded United States Steel from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. United States Steel has an average rating of “Hold” and an average target price of $32.47.
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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).
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