LinnCo LLC Announces Nov 13 Dividend of $0.24 (LNCO)
LinnCo LLC (NASDAQ:LNCO) announced a nov 13 dividend on Tuesday, October 29th, AmericanBankingNews.com reports. Investors of record on Monday, November 11th will be paid a dividend of $0.2416 per share on Friday, November 15th.
A number of research firms have recently commented on LNCO. Analysts at UBS AG initiated coverage on shares of LinnCo LLC in a research note to investors on Tuesday, October 15th. They set a “neutral” rating on the stock. On the ratings front, analysts at Zacks upgraded shares of LinnCo LLC from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, October 9th. They now have a $33.30 price target on the stock. Finally, analysts at Raymond James cut their price target on shares of LinnCo LLC 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. LinnCo LLC currently has an average rating of “Buy” and an average target price of $37.14.
LinnCo LLC (NASDAQ:LNCO) traded up 5.55% during mid-day trading on Tuesday, hitting $30.61. The stock had a trading volume of 267,302 shares. LinnCo LLC has a one year low of $23.03 and a one year high of $44.20. The stock has a 50-day moving average of $28.19 and a 200-day moving average of $35.17. The company has a market cap of $1.065 billion and a price-to-earnings ratio of 10.07.
LinnCo LLC (NASDAQ:LNCO) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.34 by $0.03. Analysts expect that LinnCo LLC will post $1.24 EPS for the current fiscal year.
Linn Co, LLC (NASDAQ:LNCO) sole purpose is to own LINN Energy, LLC (LINN) units.
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