LinnCo LLC Announces Dividend of $0.24 (LNCO)
LinnCo (NASDAQ:LNCO) announced a dividend on Friday, May 30th, Analyst Ratings News reports. Investors of record on Monday, June 9th will be paid a dividend of 0.2416 per share on Friday, June 13th. The ex-dividend date is Thursday, June 5th.
LNCO has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of LinnCo in a research note on Tuesday. They now have a $31.00 price target on the stock, up previously from $30.00. On the ratings front, analysts at Zacks downgraded shares of LinnCo from a “neutral” rating to an “underperform” rating in a research note on Tuesday, May 6th. They now have a $26.30 price target on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. LinnCo has a consensus rating of “Buy” and an average price target of $33.81.
Shares of LinnCo (NASDAQ:LNCO) traded up 0.29% during mid-day trading on Friday, hitting $27.82. The stock had a trading volume of 1,480,285 shares. LinnCo has a 1-year low of $23.03 and a 1-year high of $39.14. The stock has a 50-day moving average of $27.62 and a 200-day moving average of $29.62. The company’s market cap is $3.575 billion.
LinnCo (NASDAQ:LNCO) last posted its quarterly earnings results on Monday, March 3rd. The company reported ($5.37) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.47 by $5.84. Analysts expect that LinnCo will post $2.48 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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