Reviewing the Insider Trends for United States Steel Corporation (X)

Sergio Conner
December 7, 2017

Axiom Securities reaffirmed a sell rating on shares of United States Steel in a report on Tuesday, July 25th. Currently, the stock has a 1 Year Price Target of $31.

United States Steel Co. BidaskClub raised shares of United States Steel from a "hold" rating to a "buy" rating in a report on Saturday, August 26th. Ameriprise Financial Inc. now owns 1,463,410 shares of the basic materials company's stock valued at $32,399,000 after purchasing an additional 928,898 shares in the last quarter. The monthly stock performance comes in at 10.32%.

KeyCorp restated their hold rating on shares of United States Steel (NYSE:X) in a research note released on Friday, November 17th. 27,088,856 shares of the stock traded hands. The 20-day Stochastic %k measure, which sits at 32.40%, tells a similar story, and suggests that CC now trades in neutral territory. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.07 billion.

United States Steel Corporation (NYSE:X) has a 20-day RSI of 63.26%. United States Steel Corporation (NYSE:X) has risen 45.54% since December 6, 2016 and is uptrending. Earnings, with 12 analysts believing the company would generate an Average Estimate of $0.62.

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The stock has Return on Assets (ROA) of 1.3 percent. The company had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.07 billion. This works out to a decrease of -212.50% compared to last year's earnings. Analysts anticipate that United States Steel will post $1.05 earnings per share for the current year. Shareholders of record on Wednesday, May 10th will be paid a $0.05 dividend. The ex-dividend date is Thursday, November 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.67%. United States Steel's payout ratio is 29.85%. In other news, Director Stephen J. Girsky purchased 2,500 shares of United States Steel stock in a transaction that occurred on Tuesday, May 16th. Bank of New York Mellon Corp now owns 1,970,333 shares of the basic materials company's stock valued at $50,558,000 after buying an additional 41,931 shares during the period. Following the transaction, the senior vice president now owns 51,744 shares in the company, valued at $1,552,320. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The firm earned "Sell" rating on Friday, July 28 by Citigroup. The shares were sold at an average price of $30.00, for a total value of $108,180.00. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.23 and a current ratio of 1.89. Insiders acquired a total of 14,000 shares of company stock worth $278,415 over the last ninety days.

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In the most recent quarter, institutional ownership increased by a net of 257059 shares, or 0.23%.This is a bullish sign and indicates that institutions are feeling more optimistic about the outlook for X overall.169 holders increased their positions, 183 decreased their positions, and 57 holders held their positions.

A number of large investors have recently modified their holdings of X. Enterprise Financial Services Corp bought a new stake in United States Steel during the 3rd quarter worth about $120,000. Marshall Wace North America L.P. now owns 991,141 shares of the basic materials company's stock worth $21,805,000 after buying an additional 901,086 shares during the period. Hodges Capital Management Inc. boosted its position in United States Steel by 160.2% in the 2nd quarter. Finally, BMO Capital Markets increased their target price on shares of United States Steel from $29.00 to $33.00 and gave the stock a "market perform" rating in a research report on Thursday, November 2nd. For the quarter, shares are performing at 8.43%. While in the same Quarter Previous year, the Actual EPS was $0.27. The stock traded with the average Volume of 11.33 Million at the end of last session.

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