United States Steel (X) Bonds Trading 1.6% Higher

An issue of United States Steel Co. (NYSE:X) debt rose 1.6% as a percentage of its face value during trading on Monday. The high-yield issue of debt has a 6.875% coupon and will mature on August 15, 2025. The debt is now trading at $105.50 and was trading at $103.38 last week. Price changes in a company’s debt in credit markets sometimes anticipate parallel changes in its share price.

X has been the subject of a number of research reports. Cowen upgraded shares of United States Steel from an “underperform” rating to a “market perform” rating and lifted their price objective for the company from $20.00 to $28.00 in a report on Thursday, November 2nd. BMO Capital Markets lifted their price objective on shares of United States Steel from $29.00 to $33.00 and gave the company a “market perform” rating in a report on Thursday, November 2nd. ValuEngine cut shares of United States Steel from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. KeyCorp restated a “hold” rating on shares of United States Steel in a report on Friday, November 17th. Finally, Axiom Securities upgraded shares of United States Steel from a “sell” rating to a “hold” rating and dropped their price objective for the company from $41.83 to $18.55 in a report on Monday, December 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. United States Steel currently has a consensus rating of “Hold” and a consensus target price of $32.47.

United States Steel Co. (NYSE X) traded up $5.76 during midday trading on Monday, reaching $44.75. 38,907,481 shares of the company’s stock traded hands, compared to its average volume of 12,740,000. The company has a quick ratio of 1.11, a current ratio of 1.75 and a debt-to-equity ratio of 0.81. United States Steel Co. has a 12 month low of $18.55 and a 12 month high of $45.44. The firm has a market cap of $7,830.00, a PE ratio of 20.53, a PEG ratio of 1.41 and a beta of 3.08.

United States Steel (NYSE:X) last issued its quarterly earnings data on Wednesday, January 31st. The basic materials company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.09. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.10 billion. United States Steel had a net margin of 3.16% and a return on equity of 12.56%. The company’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 EPS. sell-side analysts predict that United States Steel Co. will post 3.98 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 9th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, February 8th. This represents a $0.20 annualized dividend and a dividend yield of 0.45%. United States Steel’s dividend payout ratio is presently 9.17%.

In other news, VP Colleen M. Darragh sold 1,060 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $37.85, for a total transaction of $40,121.00. Following the completion of the sale, the vice president now owns 18,076 shares in the company, valued at approximately $684,176.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Sara A. Greenstein sold 3,606 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $30.00, for a total transaction of $108,180.00. Following the sale, the senior vice president now owns 51,744 shares of the company’s stock, valued at approximately $1,552,320. The disclosure for this sale can be found here. Insiders have sold a total of 128,706 shares of company stock valued at $4,653,456 in the last 90 days. Insiders own 1.00% of the company’s stock.

Several large investors have recently modified their holdings of X. We Are One Seven LLC purchased a new stake in United States Steel in the 4th quarter valued at $132,000. Banco de Sabadell S.A purchased a new stake in United States Steel in the 4th quarter valued at $100,000. BRYN MAWR TRUST Co purchased a new stake in United States Steel in the 4th quarter valued at $264,000. MetLife Investment Advisors LLC purchased a new stake in United States Steel in the 4th quarter valued at $3,889,000. Finally, All Terrain Financial Advisors LLC purchased a new stake in United States Steel in the 4th quarter valued at $299,000. Institutional investors and hedge funds own 66.01% of the company’s stock.

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About United States Steel

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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