Insider Selling: United States Steel Co. (X) CEO Sells 6,936 Shares of Stock

United States Steel Co. (NYSE:X) CEO David B. Burritt sold 6,936 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $39.95, for a total transaction of $277,093.20. Following the sale, the chief executive officer now directly owns 179,567 shares of the company’s stock, valued at approximately $7,173,701.65. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

United States Steel Co. (X) opened at $39.03 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.89 and a quick ratio of 1.23. United States Steel Co. has a 12-month low of $18.55 and a 12-month high of $41.83. The stock has a market cap of $6,830.00, a P/E ratio of 57.40, a price-to-earnings-growth ratio of 1.58 and a beta of 3.00.

United States Steel (NYSE:X) last announced its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.25. United States Steel had a net margin of 1.05% and a return on equity of 10.27%. The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the prior year, the company posted $0.40 EPS. The company’s revenue was up 20.9% on a year-over-year basis. equities research analysts predict that United States Steel Co. will post 1.85 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. increased its position in shares of United States Steel by 22.0% during the third quarter. Pacer Advisors Inc. now owns 33,080 shares of the basic materials company’s stock worth $849,000 after buying an additional 5,961 shares during the period. Stifel Financial Corp increased its position in shares of United States Steel by 304.0% during the second quarter. Stifel Financial Corp now owns 159,801 shares of the basic materials company’s stock worth $3,531,000 after buying an additional 120,248 shares during the period. California State Teachers Retirement System increased its position in shares of United States Steel by 1.9% during the second quarter. California State Teachers Retirement System now owns 321,357 shares of the basic materials company’s stock worth $7,114,000 after buying an additional 6,028 shares during the period. Balyasny Asset Management LLC increased its position in shares of United States Steel by 1,032.0% during the second quarter. Balyasny Asset Management LLC now owns 115,034 shares of the basic materials company’s stock worth $2,547,000 after buying an additional 104,872 shares during the period. Finally, Honeywell International Inc. increased its position in shares of United States Steel by 20.1% during the third quarter. Honeywell International Inc. now owns 600,400 shares of the basic materials company’s stock worth $15,406,000 after buying an additional 100,400 shares during the period. Hedge funds and other institutional investors own 64.21% of the company’s stock.

X has been the subject of several research reports. ValuEngine raised shares of United States Steel from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Bank of America set a $32.00 price objective on shares of United States Steel and gave the company a “buy” rating in a research note on Friday, October 20th. Longbow Research raised shares of United States Steel from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 20th. Cowen reissued a “hold” rating and issued a $40.00 price objective on shares of United States Steel in a research note on Thursday, January 4th. Finally, Axiom Securities raised shares of 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 analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. United States Steel has a consensus rating of “Buy” and an average price target of $31.14.

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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).

Insider Buying and Selling by Quarter for United States Steel (NYSE:X)

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