LinnCo LLC Declares Jan 14 Dividend of $0.24 (LNCO)
LinnCo LLC (NASDAQ:LNCO) declared a jan 14 dividend on Thursday, January 2nd, American Banking and Market News reports. Investors of record on Monday, January 13th will be given a dividend of 0.2416 per share on Friday, January 17th.
A number of research firms have recently commented on LNCO. Analysts at Raymond James upgraded shares of LinnCo LLC from an “outperform” rating to a “strong-buy” rating in a research note to investors on Thursday, December 19th. They now have a $37.00 price target on the stock. Finally, analysts at Zacks downgraded shares of LinnCo LLC from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, November 7th. They now have a $36.60 price target on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $35.11.
Shares of LinnCo LLC (NASDAQ:LNCO) traded down 0.32% on Thursday, hitting $30.71. 1,792,442 shares of the company’s stock traded hands. LinnCo LLC has a 52-week low of $23.03 and a 52-week high of $44.20. The stock has a 50-day moving average of $30.53 and a 200-day moving average of $30.30. The company has a market cap of $1.068 billion and a price-to-earnings ratio of 23.31.
Linn Co, LLC (NASDAQ:LNCO) sole purpose is to own LINN Energy, LLC (LINN) units.
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