Shares of United States Steel Co. (NYSE:X – Get Free Report) have earned a consensus rating of “Reduce” from the eight ratings firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $25.88.
Several research firms have recently commented on X. Morgan Stanley restated an “equal weight” rating and issued a $25.00 target price on shares of United States Steel in a research note on Tuesday, August 1st. Wolfe Research cut United States Steel from a “peer perform” rating to an “underperform” rating and set a $19.00 target price on the stock. in a research report on Thursday, June 1st. BNP Paribas cut United States Steel from an “outperform” rating to a “neutral” rating and set a $26.00 price target for the company. in a report on Wednesday, July 5th. JPMorgan Chase & Co. dropped their price objective on United States Steel from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, July 14th. Finally, StockNews.com assumed coverage on United States Steel in a report on Sunday, September 10th. They issued a “hold” rating for the company.
United States Steel Stock Performance
United States Steel (NYSE:X – Get Free Report) last announced its earnings results on Friday, July 28th. The basic materials company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.06. United States Steel had a return on equity of 13.51% and a net margin of 7.05%. The company had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $5.11 billion. During the same period last year, the business posted $3.86 EPS. The company’s revenue was down 20.4% on a year-over-year basis. On average, equities research analysts expect that United States Steel will post 3.96 earnings per share for the current year.
United States Steel Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Monday, August 7th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, August 4th. This represents a $0.20 annualized dividend and a yield of 0.65%. United States Steel’s dividend payout ratio (DPR) is currently 3.85%.
Insider Buying and Selling at United States Steel
In other United States Steel news, SVP Duane D. Holloway sold 23,406 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $31.00, for a total transaction of $725,586.00. Following the sale, the senior vice president now owns 105,800 shares in the company, valued at approximately $3,279,800. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other United States Steel news, SVP Duane D. Holloway sold 23,406 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $31.00, for a total value of $725,586.00. Following the transaction, the senior vice president now directly owns 105,800 shares in the company, valued at approximately $3,279,800. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP James E. Bruno sold 58,812 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $32.00, for a total transaction of $1,881,984.00. Following the sale, the vice president now directly owns 56,548 shares in the company, valued at $1,809,536. The disclosure for this sale can be found here. Insiders have sold 101,944 shares of company stock valued at $3,217,822 over the last quarter. Corporate insiders own 0.98% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. ICA Group Wealth Management LLC purchased a new position in shares of United States Steel during the 4th quarter worth about $28,000. Belpointe Asset Management LLC purchased a new position in United States Steel during the fourth quarter worth approximately $29,000. Machina Capital S.A.S. acquired a new position in shares of United States Steel in the 1st quarter valued at $31,000. GPS Wealth Strategies Group LLC purchased a new stake in shares of United States Steel during the 2nd quarter valued at $35,000. Finally, AXS Investments LLC acquired a new stake in shares of United States Steel during the 4th quarter worth $42,000. Hedge funds and other institutional investors own 74.60% of the company’s stock.
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 four segments: North American Flat-Rolled (Flat-Rolled), Mini Mill, 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 iron ore and coke.
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