Christine S. Breves Sells 24,282 Shares of United States Steel Co. (NYSE:X) Stock


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United States Steel Co. (NYSE:X) CFO Christine S. Breves sold 24,282 shares of United States Steel stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $25.54, for a total transaction of $620,162.28. Following the transaction, the chief financial officer now directly owns 203,972 shares of the company’s stock, valued at $5,209,444.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of NYSE X opened at $23.62 on Thursday. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.30 and a quick ratio of 1.54. The business has a 50-day moving average of $20.92 and a 200-day moving average of $15.76. The stock has a market capitalization of $6.35 billion, a price-to-earnings ratio of -2.33 and a beta of 2.39. United States Steel Co. has a fifty-two week low of $6.30 and a fifty-two week high of $27.40.

United States Steel (NYSE:X) last issued its quarterly earnings results on Wednesday, January 27th. The basic materials company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.68) by $0.41. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.51 billion. United States Steel had a negative return on equity of 18.78% and a negative net margin of 16.25%. The business’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.64) earnings per share. On average, sell-side analysts expect that United States Steel Co. will post -5.57 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 9th. Investors of record on Monday, February 8th were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, February 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.17%. United States Steel’s dividend payout ratio is presently 44.44%.

A number of institutional investors and hedge funds have recently modified their holdings of X. Newport Trust Co acquired a new stake in United States Steel in the fourth quarter valued at $46,174,000. Norges Bank bought a new position in United States Steel during the fourth quarter worth about $43,987,000. Voloridge Investment Management LLC raised its stake in United States Steel by 144.1% in the fourth quarter. Voloridge Investment Management LLC now owns 2,270,120 shares of the basic materials company’s stock valued at $38,070,000 after buying an additional 1,339,990 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of United States Steel by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,032,821 shares of the basic materials company’s stock valued at $34,091,000 after buying an additional 65,537 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in shares of United States Steel by 5.4% during the 4th quarter. Nuveen Asset Management LLC now owns 1,821,245 shares of the basic materials company’s stock worth $30,542,000 after acquiring an additional 93,368 shares during the last quarter. Institutional investors and hedge funds own 60.36% of the company’s stock.

Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of United States Steel from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Monday, March 15th. TheStreet raised United States Steel from a “d” rating to a “c-” rating in a report on Friday, January 29th. Deutsche Bank Aktiengesellschaft raised United States Steel from a “sell” rating to a “buy” rating in a research note on Friday, January 8th. Argus reissued a “hold” rating on shares of United States Steel in a report on Monday, March 22nd. Finally, BMO Capital Markets raised their target price on shares of United States Steel from $21.00 to $25.00 and gave the company a “market perform” rating in a research note on Monday, March 15th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. United States Steel has an average rating of “Hold” and a consensus target price of $15.00.

United States Steel Company Profile

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.

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