LinnCo LLC (LNCO) Announces Dividend of $0.24
LinnCo (NASDAQ:LNCO) declared a dividend on Thursday, May 1st, Stock Ratings Network.com reports. Investors of record on Monday, May 12th will be given a dividend of 0.2416 per share on Friday, May 16th. The ex-dividend date of this dividend is Thursday, May 8th.
Several analysts have recently commented on the stock. Analysts at UBS AG upgraded shares of LinnCo from a “neutral” rating to a “buy” rating in a research note on Friday, April 11th. They now have a $34.00 price target on the stock, up previously from $32.50. On a related note, analysts at Citigroup Inc. downgraded shares of LinnCo from a “buy” rating to a “neutral” rating in a research note on Friday, April 4th. They now have a $31.50 price target on the stock, down previously from $41.00. Finally, analysts at JPMorgan Chase & Co. downgraded shares of LinnCo from an “overweight” rating to a “neutral” rating in a research note on Monday, March 24th. They now have a $30.00 price target on the stock, down previously from $36.00. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $34.76.
Shares of LinnCo (NASDAQ:LNCO) opened at 27.75 on Friday. LinnCo has a 52 week low of $23.03 and a 52 week high of $44.20. The stock’s 50-day moving average is $27.53 and its 200-day moving average is $30.10. The company’s market cap is $3.566 billion.
LinnCo (NASDAQ:LNCO) last released its earnings data on Monday, March 3rd. The company reported ($5.37) earnings per share for the quarter, missing the Thomson Reuters consensus estimate of $0.47 by $5.84. On average, analysts predict that LinnCo will post $2.60 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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