LinnCo LLC Declares Jan 14 Dividend of $0.24 (LNCO)
LinnCo LLC (NASDAQ:LNCO) announced a jan 14 dividend on Thursday, January 30th, AnalystRatingsNetwork.com reports. Shareholders of record on Monday, February 10th will be paid a dividend of 0.2416 per share on Friday, February 14th.
LNCO has been the subject of a number of recent research reports. Analysts at Robert W. Baird upgraded shares of LinnCo LLC from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, January 23rd. They now have a $37.00 price target on the stock. On a related note, analysts at Howard Weil upgraded shares of LinnCo LLC from a “sector outperform” rating to a “focus stock” rating in a research note to investors on Wednesday, January 22nd. They now have a $36.00 price target on the stock. Finally, analysts at Zacks upgraded shares of LinnCo LLC from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, January 13th. They now have a $36.60 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $35.39.
LinnCo LLC (NASDAQ:LNCO) traded up 0.62% on Thursday, hitting $32.27. 1,053,334 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’s 50-day moving average is $30.76 and its 200-day moving average is $30.07. The company has a market cap of $1.123 billion and a price-to-earnings ratio of 24.26.
Linn Co, LLC (NASDAQ:LNCO) sole purpose is to own LINN Energy, LLC (LINN) units.
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