United States Steel Corporation (NYSE:X) VP Colleen M. Darragh sold 9,700 shares of United States Steel 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 $291,000.00. Following the sale, the vice president now owns 19,136 shares of the company’s stock, valued at approximately $574,080. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of United States Steel Corporation (NYSE:X) traded down $0.01 on Wednesday, reaching $29.83. 9,053,400 shares of the company’s stock were exchanged, compared to its average volume of 16,547,578. 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 Corporation has a 1 year low of $18.55 and a 1 year high of $41.83. The company has a market capitalization of $5,221.83, a price-to-earnings ratio of 20.87 and a beta of 3.00.
United States Steel (NYSE:X) last announced its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.25. United States Steel had a net margin of 1.05% and a return on equity of 10.27%. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the previous year, the firm posted $0.40 earnings per share. The business’s revenue was up 20.9% on a year-over-year basis. research analysts forecast that United States Steel Corporation will post 1.8 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in X. Amerigo Asset Management bought a new stake in shares of United States Steel in the third quarter worth $158,558,000. Hodges Capital Management Inc. raised its position in United States Steel by 160.2% during the second quarter. Hodges Capital Management Inc. now owns 1,588,774 shares of the basic materials company’s stock worth $35,175,000 after acquiring an additional 978,199 shares in the last quarter. Jennison Associates LLC bought a new stake in United States Steel during the second quarter worth $20,786,000. Ameriprise Financial Inc. raised its position in United States Steel by 173.8% during the second quarter. Ameriprise Financial Inc. now owns 1,463,410 shares of the basic materials company’s stock worth $32,399,000 after acquiring an additional 928,898 shares in the last quarter. Finally, Marshall Wace North America L.P. raised its position in United States Steel by 1,000.6% during the second quarter. Marshall Wace North America L.P. now owns 991,141 shares of the basic materials company’s stock worth $21,805,000 after acquiring an additional 901,086 shares in the last quarter. 64.27% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages recently issued reports on X. Barclays restated an “equal weight” rating and set a $25.00 price objective (up previously from $24.00) on shares of United States Steel in a report on Wednesday, August 9th. KeyCorp restated a “hold” rating on shares of United States Steel in a report on Friday, November 17th. Longbow Research restated a “neutral” rating on shares of United States Steel in a report on Tuesday, October 3rd. Cowen cut shares of United States Steel from a “market perform” rating to an “underperform” rating and decreased their price objective for the company from $24.00 to $20.00 in a report on Friday, September 22nd. Finally, Jefferies Group restated a “buy” rating on shares of United States Steel in a report on Monday, September 18th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. United States Steel has a consensus rating of “Hold” and a consensus price target of $29.34.
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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