Today: United States Steel Corp. (X) VP David B. Burritt Sold 51,791 Shares

Today: United States Steel Corp. (X) VP David B. Burritt Sold 51,791 Shares

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

United States Steel Corp. (NYSE:X) traded down 3.19% during trading on Monday, reaching $32.17. The company’s stock had a trading volume of 19,471,823 shares. The company’s market capitalization is $5.55 billion. The company’s 50-day moving average is $22.13 and its 200-day moving average is $19.64. United States Steel Corp. has a 1-year low of $6.15 and a 1-year high of $33.78.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Friday, November 11th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.20 annualized dividend and a dividend yield of 0.60%. United States Steel Corp.’s dividend payout ratio is currently -2.19%.

Several hedge funds have recently modified their holdings of the stock. LMR Partners LLP bought a new stake in shares of United States Steel Corp. during the second quarter valued at about $927,000. Advisory Services Network LLC increased its stake in shares of United States Steel Corp. by 21.5% in the second quarter. Advisory Services Network LLC now owns 28,145 shares of the company’s stock valued at $475,000 after buying an additional 4,977 shares in the last quarter. First Dallas Securities Inc. increased its stake in shares of United States Steel Corp. by 9.2% in the second quarter. First Dallas Securities Inc. now owns 36,826 shares of the company’s stock valued at $621,000 after buying an additional 3,103 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of United States Steel Corp. during the second quarter valued at about $590,000. Finally, Oakbrook Investments LLC bought a new stake in shares of United States Steel Corp. during the second quarter valued at about $228,000. Institutional investors and hedge funds own 76.89% of the company’s stock.

A number of brokerages have recently issued reports on X. Vetr lowered United States Steel Corp. from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a research report on Monday, November 21st. Rosenblatt Securities lowered United States Steel Corp. from a “buy” rating to a “neutral” rating in a research report on Monday, November 21st. They noted that the move was a valuation call. Zacks Investment Research upgraded United States Steel Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, November 15th. Morgan Stanley upgraded United States Steel Corp. from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $19.00 to $46.00 in a research report on Monday, November 14th. Finally, Jefferies Group upgraded United States Steel Corp. from an “underperform” rating to a “hold” rating and set a $24.50 target price on the stock in a research report 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 stock. The company has an average rating of “Hold” and an average target price of $22.00.

United States Steel Corp. Company Profile

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