Todays Report: Today, United States Steel Corp. (X) Given Average Rating of “Hold” by Brokerages

Today, United States Steel Corp. (X) Given Average Rating of “Hold” by Brokerages

United States Steel Corp. (NYSE:X) has been assigned an average rating of “Hold” from the twenty-two brokerages that are currently covering the firm. Four equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $22.69.

A number of brokerages recently issued reports on X. Jefferies Group raised their price target on United States Steel Corp. from $13.00 to $17.00 and gave the stock an “underperform” rating in a research report on Thursday, July 28th. Credit Suisse Group AG set a $29.00 price target on United States Steel Corp. and gave the stock a “buy” rating in a research report on Saturday, October 8th. Bank of America Corp. downgraded United States Steel Corp. from a “neutral” rating to an “underperform” rating and set a $21.00 price target for the company. in a research report on Thursday, July 28th. Vetr downgraded United States Steel Corp. from a “strong-buy” rating to a “buy” rating and set a $23.28 target price for the company. in a research report on Tuesday, November 8th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $21.00 target price on shares of United States Steel Corp. in a research report on Friday, November 4th.

Shares of United States Steel Corp. (NYSE:X) traded up 0.51% during mid-day trading on Friday, reaching $33.23. 10,644,519 shares of the company traded hands. The stock’s market capitalization is $5.73 billion. The firm has a 50 day moving average of $21.58 and a 200-day moving average of $19.51. United States Steel Corp. has a 52 week low of $6.15 and a 52 week high of $33.78.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Investors 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 dividend yield of 0.60%. The ex-dividend date is Tuesday, November 8th. United States Steel Corp.’s dividend payout ratio (DPR) 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 stock was sold at an average price of $28.19, for a total value of $516,722.70. Following the completion of the transaction, the vice president now directly owns 61,957 shares of the company’s stock, valued at $1,746,567.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.31% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in X. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new position in shares of United States Steel Corp. during the third quarter valued at $103,000. D.A. Davidson & CO. increased its position in shares of United States Steel Corp. by 65.1% in the third quarter. D.A. Davidson & CO. now owns 5,550 shares of the company’s stock valued at $104,000 after buying an additional 2,188 shares during the last quarter. Advisor Group Inc. acquired a new position in shares of United States Steel Corp. during the second quarter valued at $120,000. DekaBank Deutsche Girozentrale increased its position in shares of United States Steel Corp. by 61.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 8,337 shares of the company’s stock valued at $133,000 after buying an additional 3,160 shares during the last quarter. Finally, LS Investment Advisors LLC increased its position in shares of United States Steel Corp. by 71.9% in the second quarter. LS Investment Advisors LLC now owns 8,787 shares of the company’s stock valued at $148,000 after buying an additional 3,675 shares during the last quarter. 65.67% of the stock is owned by institutional investors.

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