United States Steel Co. (X) Director Purchases $14,500.00 in Stock

United States Steel Co. (NYSE:X) Director Stephen J. Girsky purchased 1,000 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were purchased at an average cost of $14.50 per share, for a total transaction of $14,500.00. Following the completion of the acquisition, the director now directly owns 38,965 shares of the company’s stock, valued at approximately $564,992.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

NYSE:X traded down $0.07 during trading hours on Friday, reaching $13.63. 8,596,850 shares of the company were exchanged, compared to its average volume of 11,014,375. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.80 and a current ratio of 1.47. The stock has a market capitalization of $2.35 billion, a PE ratio of 2.54, a P/E/G ratio of 1.16 and a beta of 2.69. United States Steel Co. has a twelve month low of $13.31 and a twelve month high of $39.23.

United States Steel (NYSE:X) last issued its earnings results on Thursday, May 2nd. The basic materials company reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.30. The business had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.37 billion. United States Steel had a net margin of 7.92% and a return on equity of 24.72%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 earnings per share. Research analysts forecast that United States Steel Co. will post 1.61 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 13th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, May 10th. United States Steel’s dividend payout ratio (DPR) is 3.73%.

X has been the subject of a number of research analyst reports. Morgan Stanley upgraded shares of United States Steel from an “underweight” rating to an “equal weight” rating and set a $22.00 price objective for the company in a research report on Monday, January 28th. Bank of America restated an “underperform” rating and set a $12.00 price objective (down from $18.00) on shares of United States Steel in a research report on Friday, May 3rd. Credit Suisse Group cut shares of United States Steel from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $21.00 to $13.00 in a research report on Tuesday, April 9th. UBS Group cut shares of United States Steel from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $22.00 to $10.00 in a research report on Wednesday, May 8th. Finally, Berenberg Bank upgraded shares of United States Steel from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Thursday, February 21st. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $22.61.

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc increased its holdings in shares of United States Steel by 1.2% during the third quarter. Vanguard Group Inc now owns 16,224,060 shares of the basic materials company’s stock valued at $494,509,000 after purchasing an additional 194,618 shares during the period. Longer Investments Inc. acquired a new stake in United States Steel during the fourth quarter worth approximately $1,501,000. Bank of Montreal Can grew its position in United States Steel by 203.4% during the fourth quarter. Bank of Montreal Can now owns 38,680 shares of the basic materials company’s stock worth $706,000 after buying an additional 25,930 shares in the last quarter. NuWave Investment Management LLC grew its position in United States Steel by 8,528.3% during the fourth quarter. NuWave Investment Management LLC now owns 27,093 shares of the basic materials company’s stock worth $494,000 after buying an additional 26,779 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in United States Steel during the fourth quarter worth approximately $1,783,000. Institutional investors and hedge funds own 67.07% of the company’s stock.

TRADEMARK VIOLATION WARNING: “United States Steel Co. (X) Director Purchases $14,500.00 in Stock” was first published by Stock Observer and is owned by of Stock Observer. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be accessed at https://www.thestockobserver.com/2019/05/25/united-states-steel-co-x-director-purchases-14500-00-in-stock.html.

About United States Steel

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through three segments: North American Flat-Rolled (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets and tin mill products, as well as all iron ore and coke.

Read More: How to read a candlestick chart

Receive News & Ratings for United States Steel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Steel and related companies with MarketBeat.com's FREE daily email newsletter.