United States Steel Co. (NYSE:X - Get Free Report) was the target of unusually large options trading on Wednesday. Stock investors acquired 159,676 call options on the company. This represents an increase of approximately 112% compared to the typical daily volume of 75,327 call options.
Institutional Trading of United States Steel
Large investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. increased its position in United States Steel by 64.0% in the fourth quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company's stock worth $25,000 after buying an additional 277 shares during the last quarter. Ameliora Wealth Management Ltd. bought a new position in shares of United States Steel during the 4th quarter worth $27,000. ORG Wealth Partners LLC purchased a new stake in United States Steel in the 4th quarter worth about $30,000. Versant Capital Management Inc raised its stake in United States Steel by 45.3% in the 1st quarter. Versant Capital Management Inc now owns 911 shares of the basic materials company's stock valued at $38,000 after acquiring an additional 284 shares during the period. Finally, Parkworth Wealth Management Inc. purchased a new stake in United States Steel during the fourth quarter valued at about $31,000. Hedge funds and other institutional investors own 81.92% of the company's stock.
Wall Street Analysts Forecast Growth
X has been the topic of several recent research reports. Jefferies Financial Group cut their target price on shares of United States Steel from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. lifted their target price on United States Steel from $40.00 to $43.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. BMO Capital Markets reiterated a "market perform" rating and issued a $45.00 price target on shares of United States Steel in a research report on Monday. Morgan Stanley lifted their price objective on United States Steel from $39.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Friday, March 7th. Finally, Bank of America began coverage on United States Steel in a report on Monday, January 6th. They issued a "neutral" rating and a $35.00 target price on the stock. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $41.32.
View Our Latest Research Report on X
United States Steel Stock Down 1.7 %
Shares of NYSE:X traded down $0.66 during midday trading on Friday, hitting $38.30. 9,264,572 shares of the company's stock were exchanged, compared to its average volume of 5,177,531. The company has a market cap of $8.67 billion, a PE ratio of 25.70, a price-to-earnings-growth ratio of 1.53 and a beta of 1.86. United States Steel has a 12 month low of $26.92 and a 12 month high of $44.87. The stock has a 50 day moving average price of $38.93 and a 200-day moving average price of $37.37. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91.
United States Steel (NYSE:X - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. On average, sell-side analysts anticipate that United States Steel will post 1.43 EPS for the current fiscal year.
United States Steel Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, February 10th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Monday, February 10th. United States Steel's dividend payout ratio (DPR) is currently 13.42%.
About United States Steel
(
Get Free Report)
United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.
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