Traders Buy Shares of United States Steel (X) on Weakness

Traders purchased shares of United States Steel Co. (NYSE:X) on weakness during trading on Friday. $310.63 million flowed into the stock on the tick-up and $292.13 million flowed out of the stock on the tick-down, for a money net flow of $18.50 million into the stock. Of all stocks tracked, United States Steel had the 15th highest net in-flow for the day. United States Steel traded down ($0.66) for the day and closed at $43.69

A number of research analysts have recently issued reports on X shares. ValuEngine raised United States Steel from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Bank of America set a $46.00 price objective on United States Steel and gave the company a “buy” rating in a research note on Monday, January 8th. Longbow Research raised United States Steel from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 20th. Argus reissued a “buy” rating and issued a $52.00 price objective (up from $41.00) on shares of United States Steel in a research note on Wednesday, February 21st. Finally, Axiom Securities raised United States Steel from a “sell” rating to a “hold” rating and dropped their price objective for the company from $41.83 to $18.55 in a research note on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $35.94.

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The company has a market capitalization of $7,684.33, a PE ratio of 20.04, a P/E/G ratio of 1.36 and a beta of 2.79. The company has a current ratio of 1.75, a quick ratio of 1.11 and a debt-to-equity ratio of 0.81.

United States Steel (NYSE:X) last issued its quarterly earnings data on Wednesday, January 31st. The basic materials company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.10 billion. United States Steel had a return on equity of 12.56% and a net margin of 3.16%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 EPS. research analysts anticipate that United States Steel Co. will post 4.01 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 9th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend was Thursday, February 8th. United States Steel’s dividend payout ratio is currently 9.17%.

In other United States Steel news, VP Sara A. Greenstein sold 2,613 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $45.33, for a total transaction of $118,447.29. Following the completion of the sale, the vice president now directly owns 51,250 shares of the company’s stock, valued at approximately $2,323,162.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Colleen M. Darragh sold 1,060 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $37.85, for a total value of $40,121.00. Following the sale, the vice president now directly owns 18,076 shares of the company’s stock, valued at $684,176.60. The disclosure for this sale can be found here. Insiders have sold a total of 139,714 shares of company stock valued at $5,559,641 over the last three months. Corporate insiders own 1.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Chemical Bank bought a new position in shares of United States Steel in the fourth quarter valued at approximately $208,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of United States Steel by 24.9% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 73,221 shares of the basic materials company’s stock valued at $2,577,000 after acquiring an additional 14,617 shares in the last quarter. Fairfield Bush & CO. bought a new position in shares of United States Steel in the fourth quarter valued at approximately $211,000. We Are One Seven LLC bought a new position in shares of United States Steel in the fourth quarter valued at approximately $132,000. Finally, Banco de Sabadell S.A bought a new position in shares of United States Steel in the fourth quarter valued at approximately $100,000. 67.22% of the stock is owned by institutional investors.

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United States Steel Company Profile

United States Steel Corporation 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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