Trading Report: Today, United States Steel Corp. (X) Lowered by Vetr Inc. to Hold

Today, United States Steel Corp. (X) Lowered by Vetr Inc. to Hold

Vetr downgraded shares of United States Steel Corp. (NYSE:X) from a buy rating to a hold rating in a research report report published on Monday. They currently have $30.00 price target on the stock.

Other analysts have also issued research reports about the company. Zacks Investment Research raised United States Steel Corp. from a sell rating to a hold rating in a research note on Tuesday, November 15th. Rosenblatt Securities reaffirmed a buy rating and set a $35.00 price objective (up previously from $25.00) on shares of United States Steel Corp. in a research note on Sunday, July 31st. Morgan Stanley reaffirmed a hold rating and set a $19.00 price objective on shares of United States Steel Corp. in a research note on Thursday, July 28th. Jefferies Group raised United States Steel Corp. from an underperform rating to a hold rating and set a $24.50 price objective on the stock in a research note on Wednesday, August 3rd. Finally, Barclays PLC increased their price objective on United States Steel Corp. from $16.00 to $22.00 and gave the company an equal weight rating in a research note on Wednesday, August 3rd. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. United States Steel Corp. has a consensus rating of Hold and a consensus price target of $22.00.

United States Steel Corp. (NYSE:X) opened at 33.06 on Monday. The firm has a 50-day moving average price of $21.58 and a 200 day moving average price of $19.51. The firm’s market capitalization is $5.70 billion. United States Steel Corp. has a 52-week low of $6.15 and a 52-week high of $33.11.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Friday, November 11th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.60%. United States Steel Corp.’s dividend payout ratio (DPR) is presently -2.19%.

In other United States Steel Corp. news, VP David J. Rintoul sold 18,330 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $28.19, for a total transaction of $516,722.70. Following the completion of the sale, the vice president now owns 61,957 shares in the company, valued at approximately $1,746,567.83. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.31% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of United States Steel Corp. by 8.7% in the first quarter. Geode Capital Management LLC now owns 917,525 shares of the company’s stock valued at $14,725,000 after buying an additional 73,053 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of United States Steel Corp. during the first quarter valued at approximately $14,903,000. Legal & General Group Plc raised its position in shares of United States Steel Corp. by 38.6% in the first quarter. Legal & General Group Plc now owns 299,036 shares of the company’s stock valued at $4,811,000 after buying an additional 83,297 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of United States Steel Corp. during the first quarter valued at approximately $877,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of United States Steel Corp. during the first quarter valued at approximately $184,000. Institutional investors own 65.67% of the company’s stock.

About United States Steel Corp.

United States Steel Corporation (U. S. Steel) 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).

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