Today, 51,791 Shares of Stock are sold by United States Steel Corp. (X) VP David B. Burritt

Today, 51,791 Shares of Stock are sold by United States Steel Corp. (X) VP David B. Burritt

United States Steel Corp. (NYSE:X) VP David B. Burritt sold 51,791 shares of United States Steel Corp. stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $32.56, for a total transaction of $1,686,314.96. Following the transaction, the vice president now directly owns 135,672 shares in the company, valued at $4,417,480.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

United States Steel Corp. (NYSE:X) opened at 32.17 on Tuesday. United States Steel Corp. has a 52-week low of $6.15 and a 52-week high of $33.78. The company’s 50-day moving average is $22.55 and its 200-day moving average is $19.81. The firm’s market capitalization is $5.55 billion.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Friday, November 11th will be paid 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 dividend payout ratio is currently -2.19%.

Hedge funds have recently modified their holdings of the company. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in shares of United States Steel Corp. during the third quarter worth $103,000. D.A. Davidson & CO. boosted its stake in 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 period. Advisor Group Inc. purchased a new stake in United States Steel Corp. during the second quarter valued at approximately $120,000. DekaBank Deutsche Girozentrale boosted its stake in 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 period. Finally, LS Investment Advisors LLC boosted its stake in 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 period. Hedge funds and other institutional investors own 76.89% of the company’s stock.

X has been the topic of several research reports. Morgan Stanley raised shares of United States Steel Corp. from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $19.00 to $46.00 in a report on Monday, November 14th. Deutsche Bank AG raised shares of United States Steel Corp. from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Wednesday, November 9th. Jefferies Group set a $18.00 price objective on shares of United States Steel Corp. and gave the company a “hold” rating in a report on Thursday, September 15th. Zacks Investment Research downgraded shares of United States Steel Corp. from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. Finally, Vetr upgraded shares of United States Steel Corp. from a “strong sell” rating to a “sell” rating and set a $21.70 target price for the company in a research note on Tuesday, August 9th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $22.00.

United States Steel Corp. Company Profile

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