Todays Report: Today, United States Steel Corp. (X) Decreased to Hold at Vetr Inc.

Today, United States Steel Corp. (X) Decreased to Hold at Vetr Inc.

United States Steel Corp. (NYSE:X) was downgraded by Vetr from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday. They currently have a $30.00 target price on the stock. Vetr‘s price target would indicate a potential downside of 9.72% from the stock’s current price.

A number of other equities analysts have also commented on X. Rosenblatt Securities reduced their price target on shares of United States Steel Corp. from $35.00 to $32.00 and set a “buy” rating on the stock in a research report on Monday, August 15th. Argus upgraded shares of United States Steel Corp. from a “hold” rating to a “buy” rating and boosted their price target for the company from $25.49 to $30.00 in a research report on Thursday, July 28th. Credit Suisse Group AG set a $29.00 price target on shares of United States Steel Corp. and gave the company a “buy” rating in a research report on Wednesday, July 27th. Citigroup Inc. assumed coverage on shares of United States Steel Corp. in a research report on Monday, August 22nd. They issued a “buy” rating and a $27.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of United States Steel Corp. from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Monday, August 29th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $22.00.

Shares of United States Steel Corp. (NYSE:X) traded up 0.51% during trading on Monday, hitting $33.23. 10,655,295 shares of the stock traded hands. The company has a 50 day moving average of $21.58 and a 200-day moving average of $19.51. United States Steel Corp. has a 1-year low of $6.15 and a 1-year high of $33.78. The company’s market cap is $5.73 billion.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Friday, November 11th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend 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 presently -2.19%.

In related news, VP David J. Rintoul sold 18,330 shares of the stock in a transaction 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 completion of the transaction, the vice president now owns 61,957 shares in the company, valued at $1,746,567.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.31% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Anchor Bolt Capital LP raised its position in shares of United States Steel Corp. by 473.2% in the second quarter. Anchor Bolt Capital LP now owns 4,694,947 shares of the company’s stock valued at $79,157,000 after buying an additional 3,875,834 shares during the last quarter. United States Steel & Carnegie Pension Fund bought a new position in shares of United States Steel Corp. during the third quarter valued at $70,982,000. Allianz Asset Management AG raised its position in shares of United States Steel Corp. by 361.3% in the second quarter. Allianz Asset Management AG now owns 2,795,482 shares of the company’s stock valued at $47,132,000 after buying an additional 2,189,432 shares during the last quarter. Impala Asset Management LLC raised its position in shares of United States Steel Corp. by 192.5% in the second quarter. Impala Asset Management LLC now owns 2,854,325 shares of the company’s stock valued at $48,124,000 after buying an additional 1,878,547 shares during the last quarter. Finally, Laurion Capital Management LP raised its position in shares of United States Steel Corp. by 100.7% in the second quarter. Laurion Capital Management LP now owns 11,700 shares of the company’s stock valued at $197,000 after buying an additional 1,732,700 shares during the last quarter. Hedge funds and other 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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