Insider Buying: Ithaca Energy plc (LON:ITH) Insider Buys £150.04 in Stock

Ithaca Energy plc (LON:ITH) insider Iain Clifford Scobbie Lewis acquired 121 shares of the business’s stock in a transaction on Monday, January 6th. The stock was acquired at an average cost of GBX 124 ($1.53) per share, with a total value of £150.04 ($184.62).

Iain Clifford Scobbie Lewis also recently made the following trade(s):

• On Thursday, December 5th, Iain Clifford Scobbie Lewis purchased 139 shares of Ithaca Energy stock. The stock was acquired at an average price of GBX 108 ($1.33) per share, with a total value of £150.12 ($184.72).

Ithaca Energy Price Performance

Shares of LON:ITH opened at GBX 128.80 ($1.58) on Friday. The business’s 50 day simple moving average is GBX 107.63 and its 200 day simple moving average is GBX 114.10. Ithaca Energy plc has a 1 year low of GBX 94.38 ($1.16) and a 1 year high of GBX 151.80 ($1.87). The company has a market capitalization of £2.13 billion and a P/E ratio of 1,073.33.

Ithaca Energy Increases Dividend

The business also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, November 28th were issued a dividend of $0.12 per share. This is a positive change from Ithaca Energy’s previous dividend of $0.10. This represents a dividend yield of 9.56%. The ex-dividend date was Thursday, November 28th. Ithaca Energy’s dividend payout ratio is 23,333.33%.

About Ithaca Energy

Ithaca Energy is a leading UK independent exploration and production company focused on the UK North Sea with a strong track record of material value creation. In recent years, the Company has been focused on growing its portfolio of assets through both organic investment programmes and acquisitions and has seen a period of significant M&A driven growth centred upon two transformational acquisitions.