Longbow Research downgraded shares of United States Steel Corporation (NYSE:X) from a buy rating to a neutral rating in a research note issued to investors on Thursday morning, MarketBeat.com reports.

A number of other equities research analysts also recently weighed in on X. Vetr downgraded shares of United States Steel Corporation from a strong-buy rating to a buy rating and set a $38.38 price target for the company. in a report on Tuesday, April 11th. Jefferies Group LLC upped their price target on shares of United States Steel Corporation from $45.00 to $50.00 and gave the company a buy rating in a report on Thursday, March 30th. Cowen and Company reissued an outperform rating and issued a $60.00 price target on shares of United States Steel Corporation in a report on Monday, April 3rd. Bank of America Corporation downgraded shares of United States Steel Corporation from a buy rating to a neutral rating in a report on Wednesday, April 26th. Finally, BMO Capital Markets reissued a hold rating and issued a $40.00 price target on shares of United States Steel Corporation in a report on Monday, April 24th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $27.31.

Shares of United States Steel Corporation (X) opened at 22.98 on Thursday. The firm has a market cap of $4.02 billion, a PE ratio of 145.44 and a beta of 2.88. The company has a 50 day moving average of $22.49 and a 200 day moving average of $28.52. United States Steel Corporation has a 52 week low of $15.72 and a 52 week high of $41.83.

United States Steel Corporation (NYSE:X) last announced its earnings results on Tuesday, July 25th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.66. The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $2.98 billion. United States Steel Corporation had a net margin of 0.24% and a return on equity of 6.50%. United States Steel Corporation’s revenue was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.32) EPS. On average, equities research analysts anticipate that United States Steel Corporation will post $1.46 EPS for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Wednesday, August 9th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, August 7th. This represents a $0.20 annualized dividend and a yield of 0.87%. United States Steel Corporation’s dividend payout ratio (DPR) is presently 125.00%.

In related news, Director Paul Anthony Mascarenas purchased 1,500 shares of the stock in a transaction on Thursday, May 18th. The shares were bought at an average price of $19.31 per share, for a total transaction of $28,965.00. Following the completion of the acquisition, the director now directly owns 12,377 shares in the company, valued at approximately $238,999.87. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David Sutherland purchased 10,000 shares of the stock in a transaction on Friday, May 12th. The shares were bought at an average price of $19.96 per share, for a total transaction of $199,600.00. Following the acquisition, the director now owns 98,919 shares of the company’s stock, valued at $1,974,423.24. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 14,000 shares of company stock worth $278,415. Corporate insiders own 1.00% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc increased its position in shares of United States Steel Corporation by 8.2% in the first quarter. IFP Advisors Inc now owns 15,646 shares of the basic materials company’s stock valued at $529,000 after buying an additional 1,192 shares during the period. Nikko Asset Management Americas Inc. increased its position in shares of United States Steel Corporation by 36.4% in the first quarter. Nikko Asset Management Americas Inc. now owns 207,100 shares of the basic materials company’s stock valued at $7,002,000 after buying an additional 55,300 shares during the period. Janney Montgomery Scott LLC increased its position in shares of United States Steel Corporation by 251.6% in the first quarter. Janney Montgomery Scott LLC now owns 34,099 shares of the basic materials company’s stock valued at $1,153,000 after buying an additional 24,401 shares during the period. Glen Harbor Capital Management LLC increased its position in shares of United States Steel Corporation by 571.1% in the first quarter. Glen Harbor Capital Management LLC now owns 28,992 shares of the basic materials company’s stock valued at $980,000 after buying an additional 24,672 shares during the period. Finally, Sigma Planning Corp bought a new position in shares of United States Steel Corporation during the first quarter valued at approximately $269,000. Institutional investors own 67.18% of the company’s stock.

United States Steel Corporation Company Profile

United States Steel Corporation is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular).

Analyst Recommendations for United States Steel Corporation (NYSE:X)

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