Linn Energy LLC (LINE) Plans Dividend of $0.24
Linn Energy (NASDAQ:LINE) declared a dividend on Friday, May 30th, American Banking News.com reports. Stockholders of record on Monday, June 9th will be given a dividend of 0.2416 per share on Thursday, June 12th. The ex-dividend date of this dividend is Thursday, June 5th.
A number of research firms have recently commented on LINE. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Linn Energy in a research note on Tuesday. They now have a $31.00 price target on the stock, up previously from $30.00. On a related note, analysts at Citigroup Inc. downgraded shares of Linn Energy from a “buy” rating to a “neutral” rating in a research note on Friday, April 4th. They now have a $32.00 price target on the stock, down previously from $41.50. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $32.17.
Shares of Linn Energy (NASDAQ:LINE) traded up 0.73% during mid-day trading on Friday, hitting $29.05. The stock had a trading volume of 1,090,542 shares. Linn Energy has a 52 week low of $20.35 and a 52 week high of $34.85. The stock’s 50-day moving average is $28. and its 200-day moving average is $30.25. The company’s market cap is $9.627 billion.
Linn Energy, LLC (NASDAQ:LINE) is an independent oil and natural gas company.
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