United States Steel Co. (NYSE:X) Director Paul Anthony Mascarenas sold 3,531 shares of the stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $38.40, for a total transaction of $135,590.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of United States Steel stock opened at $39.96 on Monday. United States Steel Co. has a one year low of $18.55 and a one year high of $47.64. The company has a quick ratio of 1.11, a current ratio of 1.75 and a debt-to-equity ratio of 0.81. The firm has a market cap of $7,028.28, a P/E ratio of 18.33, a PEG ratio of 1.20 and a beta of 2.79.
United States Steel (NYSE:X) last posted its quarterly earnings results on Wednesday, January 31st. The basic materials company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. United States Steel had a net margin of 3.16% and a return on equity of 12.56%. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period last year, the company posted $0.27 EPS. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. sell-side analysts anticipate that United States Steel Co. will post 4.16 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 9th were paid a $0.05 dividend. The ex-dividend date was Thursday, February 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.50%. United States Steel’s payout ratio is currently 9.17%.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Banco de Sabadell S.A acquired a new stake in United States Steel during the 4th quarter worth approximately $100,000. We Are One Seven LLC acquired a new stake in United States Steel during the 4th quarter worth approximately $132,000. CoreCommodity Management LLC acquired a new stake in United States Steel during the 4th quarter worth approximately $152,000. US Bancorp DE boosted its position in United States Steel by 81.2% during the 4th quarter. US Bancorp DE now owns 4,563 shares of the basic materials company’s stock worth $160,000 after buying an additional 2,045 shares during the period. Finally, Calamos Advisors LLC acquired a new stake in United States Steel during the 4th quarter worth approximately $201,000. Institutional investors own 68.34% of the company’s stock.
A number of brokerages have issued reports on X. Zacks Investment Research downgraded shares of United States Steel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 14th. Vetr downgraded shares of United States Steel from a “buy” rating to a “hold” rating and set a $40.74 price objective on the stock. in a research note on Monday. JPMorgan Chase & Co. increased their price objective on shares of United States Steel from $48.00 to $69.00 in a research note on Friday, March 9th. Credit Suisse Group increased their price objective on shares of United States Steel from $48.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, March 8th. Finally, Vertical Group downgraded shares of United States Steel from a “hold” rating to a “sell” rating in a research note on Tuesday, March 13th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $37.13.
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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