LinnCo LLC Announces Oct 13 Dividend of $0.24 (LNCO)
LinnCo LLC (NASDAQ:LNCO) declared a oct 13 dividend on Tuesday, October 1st, AnalystRatingsNetwork reports. Shareholders of record on Friday, October 11th will be given a dividend of $0.2416 per share on Friday, October 18th.
Several analysts have recently commented on the stock. Analysts at Raymond James cut their price target on shares of LinnCo LLC (NASDAQ:LNCO) from $43.00 to $40.00 in a research note to investors on Friday, August 16th. They now have an “outperform” rating on the stock. On the ratings front, analysts at Thomson Reuters/Verus initiated coverage on shares of LinnCo LLC (NASDAQ:LNCO) in a research note to investors on Monday, August 12th. They set a “sell” rating on the stock. Finally, analysts at Robert W. Baird downgraded shares of LinnCo LLC (NASDAQ:LNCO) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $37.63.
LinnCo LLC (NASDAQ:LNCO) traded up 1.41% during mid-day trading on Tuesday, hitting $29.59. The stock had a trading volume of 26,100 shares. LinnCo LLC has a 52 week low of $23.03 and a 52 week high of $44.20. The stock’s 50-day moving average is $28.27 and its 200-day moving average is $34.34. The company has a market cap of $1.029 billion and a P/E ratio of 10.13.
LinnCo LLC (NASDAQ:LNCO) last released its earnings data on Thursday, August 8th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by $0.03. On average, analysts predict that LinnCo LLC will post $1.35 earnings per share for the current fiscal year.
Linn Co, LLC (NASDAQ:LNCO) sole purpose is to own LINN Energy, LLC (LINN) units.
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