United States Steel (NYSE:X) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of United States Steel (NYSE:XFree Report) in a report published on Monday morning. The firm issued a hold rating on the basic materials company’s stock.

A number of other research analysts have also recently issued reports on X. Morgan Stanley cut shares of United States Steel from an overweight rating to an equal weight rating and lifted their price objective for the company from $40.00 to $51.00 in a report on Thursday, February 15th. JPMorgan Chase & Co. started coverage on United States Steel in a research note on Friday, January 12th. They set a neutral rating and a $52.00 price target for the company. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Hold and an average price target of $32.78.

Get Our Latest Analysis on United States Steel

United States Steel Trading Up 0.6 %

Shares of X stock opened at $47.69 on Monday. United States Steel has a fifty-two week low of $20.40 and a fifty-two week high of $50.20. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.22 and a current ratio of 1.76. The stock has a 50 day simple moving average of $47.30 and a two-hundred day simple moving average of $38.80. The company has a market cap of $10.67 billion, a P/E ratio of 13.59 and a beta of 2.02.

United States Steel (NYSE:XGet Free Report) last issued its earnings results on Friday, February 2nd. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.46. United States Steel had a net margin of 4.96% and a return on equity of 10.80%. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same period in the prior year, the firm earned $0.87 earnings per share. United States Steel’s revenue was down 4.5% on a year-over-year basis. Research analysts forecast that United States Steel will post 3.56 earnings per share for the current year.

United States Steel Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 13th. Investors of record on Monday, February 12th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $0.20 annualized dividend and a yield of 0.42%. United States Steel’s dividend payout ratio is currently 5.70%.

Insider Buying and Selling at United States Steel

In related news, SVP Daniel R. Brown sold 5,000 shares of United States Steel stock in a transaction on Monday, December 18th. The stock was sold at an average price of $49.77, for a total transaction of $248,850.00. Following the completion of the sale, the senior vice president now owns 86,968 shares of the company’s stock, valued at $4,328,397.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO David B. Burritt sold 252,458 shares of United States Steel stock in a transaction on Monday, December 18th. The shares were sold at an average price of $50.01, for a total transaction of $12,625,424.58. Following the completion of the sale, the chief executive officer now directly owns 581,609 shares of the company’s stock, valued at approximately $29,086,266.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Daniel R. Brown sold 5,000 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $49.77, for a total transaction of $248,850.00. Following the completion of the transaction, the senior vice president now owns 86,968 shares of the company’s stock, valued at $4,328,397.36. The disclosure for this sale can be found here. Insiders own 0.98% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Pacific Capital Wealth Advisors Inc. bought a new stake in shares of United States Steel in the 4th quarter valued at about $25,000. Steward Partners Investment Advisory LLC lifted its position in United States Steel by 103.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 618 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 314 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of United States Steel during the fourth quarter valued at approximately $33,000. Aspect Partners LLC bought a new position in shares of United States Steel in the fourth quarter worth approximately $40,000. Finally, Pineridge Advisors LLC purchased a new position in shares of United States Steel in the fourth quarter worth $44,000. 74.60% of the stock is currently owned by institutional investors.

About United States Steel

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

Further Reading

Analyst Recommendations for United States Steel (NYSE:X)

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