Trade Report: Today, United States Steel Corp. (X) gets Neutral status at Rosenblatt Securities

Today, United States Steel Corp. (X) gets Neutral status at Rosenblatt Securities

Rosenblatt Securities cut shares of United States Steel Corp. (NYSE:X) from a buy rating to a neutral rating in a research report released on Monday morning. The analysts noted that the move was a valuation call.

X has been the subject of a number of other research reports. Jefferies Group raised shares of United States Steel Corp. from a hold rating to a buy rating and lifted their price objective for the company from $17.50 to $26.00 in a research report on Wednesday, November 9th. Vetr raised shares of United States Steel Corp. from a buy rating to a strong-buy rating and set a $21.99 price objective for the company in a research report on Tuesday, August 30th. Citigroup Inc. initiated coverage on shares of United States Steel Corp. in a report on Monday, August 22nd. They set a buy rating and a $27.00 target price for the company. Credit Suisse Group AG set a $29.00 target price on shares of United States Steel Corp. and gave the stock a buy rating in a report on Thursday, September 22nd. Finally, JPMorgan Chase & Co. reaffirmed an overweight rating on shares of United States Steel Corp. in a report on Monday, September 26th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. United States Steel Corp. has an average rating of Hold and a consensus target price of $22.00.

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

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

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

Large investors have recently bought and sold shares of the company. Arlington Capital Management Inc. raised its stake in United States Steel Corp. by 10.0% in the second quarter. Arlington Capital Management Inc. now owns 635,835 shares of the company’s stock worth $10,720,000 after buying an additional 57,553 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in United States Steel Corp. by 377.0% in the second quarter. BNP Paribas Arbitrage SA now owns 276,342 shares of the company’s stock worth $4,659,000 after buying an additional 218,408 shares in the last quarter. HighPoint Advisor Group LLC raised its stake in United States Steel Corp. by 5.4% in the second quarter. HighPoint Advisor Group LLC now owns 15,301 shares of the company’s stock worth $371,000 after buying an additional 783 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in United States Steel Corp. during the first quarter worth approximately $877,000. Finally, Quantitative Investment Management LLC purchased a new stake in United States Steel Corp. during the second quarter worth approximately $1,546,000. 65.67% of the stock is currently owned by hedge funds and other institutional investors.

About United States Steel Corp.

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