A number of other research firms also recently weighed in on X. Axiom Securities reissued a sell rating and set a $14.00 target price on shares of United States Steel Corporation in a research report on Wednesday, June 14th. BMO Capital Markets reissued a market perform rating on shares of United States Steel Corporation in a research report on Friday. Cowen and Company set a $21.00 target price on United States Steel Corporation and gave the stock a hold rating in a research report on Thursday, June 15th. Rosenblatt Securities reissued a neutral rating and set a $35.00 target price on shares of United States Steel Corporation in a research report on Monday, February 27th. Finally, Citigroup Inc. raised United States Steel Corporation to a hold rating in a research report on Tuesday, June 13th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. United States Steel Corporation presently has a consensus rating of Hold and a consensus price target of $29.44.
Shares of United States Steel Corporation (NYSE:X) traded up 0.82% during midday trading on Monday, hitting $20.97. The stock had a trading volume of 5,318,845 shares. United States Steel Corporation has a 1-year low of $14.80 and a 1-year high of $41.83. The firm’s market cap is $3.66 billion. The firm has a 50-day moving average price of $20.69 and a 200-day moving average price of $30.97.
United States Steel Corporation (NYSE:X) last issued its quarterly earnings results on Tuesday, April 25th. The basic materials company reported ($0.83) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $1.18. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.91 billion. United States Steel Corporation had a negative net margin of 2.63% and a negative return on equity of 3.48%. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($2.15) earnings per share. On average, equities analysts anticipate that United States Steel Corporation will post $1.06 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Wednesday, May 10th were paid a $0.05 dividend. The ex-dividend date was Monday, May 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.96%. United States Steel Corporation’s dividend payout ratio (DPR) is currently -12.20%.
In other United States Steel Corporation news, Director Stephen J. Girsky bought 2,500 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were purchased at an average price of $19.94 per share, for a total transaction of $49,850.00. Following the transaction, the director now directly owns 21,872 shares in the company, valued at approximately $436,127.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David Sutherland bought 10,000 shares of the firm’s stock in a transaction on Friday, May 12th. The shares were acquired at an average price of $19.96 per share, for a total transaction of $199,600.00. Following the transaction, the director now owns 98,919 shares in the company, valued at $1,974,423.24. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 14,000 shares of company stock worth $278,415. 1.00% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its position in United States Steel Corporation by 1,971.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,315 shares of the basic materials company’s stock valued at $112,000 after buying an additional 3,155 shares during the last quarter. Tyers Asset Management LLC acquired a new position in United States Steel Corporation during the fourth quarter valued at about $196,000. Dynamic Technology Lab Private Ltd acquired a new position in United States Steel Corporation during the first quarter valued at about $209,000. Acrospire Investment Management LLC increased its position in United States Steel Corporation by 241.1% in the first quarter. Acrospire Investment Management LLC now owns 6,212 shares of the basic materials company’s stock valued at $210,000 after buying an additional 4,391 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in United States Steel Corporation by 21.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,301 shares of the basic materials company’s stock valued at $213,000 after buying an additional 1,112 shares during the last quarter. 70.75% of the stock is owned by institutional investors and hedge funds.
United States Steel Corporation 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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