United States Steel Co. (NYSE:X) Director Buys $25,058.76 in Stock

Thursday, February 18, 2021 | MarketBeat

United States Steel Co. (NYSE:X) Director Tracy A. Atkinson acquired 1,468 shares of the stock in a transaction dated Tuesday, February 16th. The shares were purchased at an average price of $17.07 per share, for a total transaction of $25,058.76. Following the completion of the transaction, the director now owns 17,177 shares of the company's stock, valued at approximately $293,211.39. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

United States Steel stock opened at $17.86 on Thursday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.54 and a current ratio of 2.30. The firm has a market cap of $3.94 billion, a P/E ratio of -1.76 and a beta of 2.39. The business's fifty day moving average is $18.80 and its two-hundred day moving average is $12.49. United States Steel Co. has a 52 week low of $4.54 and a 52 week high of $24.71.

United States Steel (NYSE:X) last posted its quarterly earnings data on Wednesday, January 27th. The basic materials company reported ($0.27) EPS for the quarter, topping analysts' consensus estimates of ($0.68) by $0.41. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates 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 revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.64) earnings per share. On average, equities research analysts predict that United States Steel Co. will post -5.57 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 9th. Stockholders of record on Monday, February 8th will be given a dividend of $0.01 per share. The ex-dividend date is Friday, February 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.22%. United States Steel's payout ratio is currently 44.44%.

Several analysts recently commented on X shares. Argus raised United States Steel from a "hold" rating to a "buy" rating and set a $22.00 price target on the stock in a research note on Wednesday, December 9th. Zacks Investment Research lowered United States Steel from a "buy" rating to a "hold" rating and set a $25.00 price target on the stock. in a research note on Wednesday, January 13th. TheStreet raised United States Steel from a "d" rating to a "c-" rating in a research note 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. Finally, Cfra raised United States Steel from a "strong sell" rating to a "hold" rating in a research note on Friday, October 30th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of "Hold" and a consensus price target of $11.63.

Several hedge funds have recently added to or reduced their stakes in the company. Truist Financial Corp raised its position in shares of United States Steel by 126.9% during the fourth quarter. Truist Financial Corp now owns 25,171 shares of the basic materials company's stock worth $422,000 after acquiring an additional 14,077 shares during the last quarter. SummerHaven Investment Management LLC bought a new stake in shares of United States Steel during the fourth quarter worth $1,023,000. Stansberry Asset Management LLC bought a new stake in shares of United States Steel during the fourth quarter worth $16,383,000. Voloridge Investment Management LLC raised its position in shares of United States Steel by 144.1% during the fourth quarter. Voloridge Investment Management LLC now owns 2,270,120 shares of the basic materials company's stock worth $38,070,000 after acquiring an additional 1,339,990 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in shares of United States Steel by 14.2% during the fourth quarter. Cetera Investment Advisers now owns 13,065 shares of the basic materials company's stock worth $219,000 after acquiring an additional 1,624 shares during the last quarter. Institutional investors own 60.36% 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 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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