Avantax Advisory Services Inc. Sells 2,100 Shares of United States Steel Co. (NYSE:X)

Avantax Advisory Services Inc. reduced its holdings in United States Steel Co. (NYSE:XFree Report) by 10.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,462 shares of the basic materials company’s stock after selling 2,100 shares during the period. Avantax Advisory Services Inc.’s holdings in United States Steel were worth $567,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of X. Bornite Capital Management LP lifted its holdings in United States Steel by 300.0% in the first quarter. Bornite Capital Management LP now owns 400,000 shares of the basic materials company’s stock valued at $15,096,000 after buying an additional 300,000 shares during the period. Natixis Advisors L.P. bought a new stake in United States Steel in the first quarter valued at approximately $455,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in United States Steel in the first quarter valued at approximately $1,150,000. Great West Life Assurance Co. Can increased its stake in United States Steel by 6.0% in the first quarter. Great West Life Assurance Co. Can now owns 151,647 shares of the basic materials company’s stock valued at $5,891,000 after purchasing an additional 8,560 shares in the last quarter. Finally, Blair William & Co. IL increased its stake in United States Steel by 9.5% in the first quarter. Blair William & Co. IL now owns 60,133 shares of the basic materials company’s stock valued at $2,269,000 after purchasing an additional 5,217 shares in the last quarter. 74.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at United States Steel

In other news, SVP Daniel R. Brown sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were 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 in the company, valued at approximately $4,328,397.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO David B. Burritt sold 252,458 shares of the firm’s stock in a transaction dated 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 owns 581,609 shares in the company, valued at approximately $29,086,266.09. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Daniel R. Brown sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $49.77, for a total transaction of $248,850.00. Following the transaction, the senior vice president now directly owns 86,968 shares in the company, valued at $4,328,397.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 262,458 shares of company stock worth $13,049,275. 0.98% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on X. JPMorgan Chase & Co. began coverage on shares of United States Steel in a research note on Friday, January 12th. They issued a “neutral” rating and a $52.00 target price for the company. Barclays lowered their target price on shares of United States Steel from $32.00 to $31.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 1st. Royal Bank of Canada lowered their target price on shares of United States Steel from $34.00 to $33.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 31st. StockNews.com initiated coverage on shares of United States Steel in a research note on Friday. They issued a “hold” rating for the company. Finally, Argus downgraded shares of United States Steel from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $31.56.

Get Our Latest Stock Analysis on United States Steel

United States Steel Stock Down 0.0 %

United States Steel stock opened at $46.29 on Friday. The company has a market cap of $10.36 billion, a P/E ratio of 13.19 and a beta of 2.04. United States Steel Co. has a 1-year low of $20.40 and a 1-year high of $50.20. The company has a fifty day simple moving average of $45.58 and a 200 day simple moving average of $36.39. The company has a current ratio of 1.76, a quick ratio of 1.22 and a debt-to-equity ratio of 0.37.

United States Steel (NYSE:XGet Free Report) last released its earnings results on Friday, February 2nd. The basic materials company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.46. The business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.73 billion. United States Steel had a net margin of 4.96% and a return on equity of 10.80%. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.87 earnings per share. Research analysts anticipate that United States Steel Co. will post 2.92 earnings per share for the current fiscal year.

United States Steel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 13th. Stockholders of record on Monday, February 12th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Friday, February 9th. United States Steel’s dividend payout ratio is presently 5.70%.

About United States Steel

(Free Report)

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.

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Institutional Ownership by Quarter for United States Steel (NYSE:X)

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