Ithaca Energy plc (LON:ITH) Insider Iain Clifford Scobbie Lewis Buys 121 Shares

Ithaca Energy plc (LON:ITH) insider Iain Clifford Scobbie Lewis purchased 121 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were purchased at an average price of GBX 124 ($1.55) per share, for a total transaction of £150.04 ($187.71).

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

• On Thursday, December 5th, Iain Clifford Scobbie Lewis bought 139 shares of Ithaca Energy stock. The stock was acquired at an average cost of GBX 108 ($1.35) per share, for a total transaction of £150.12 ($187.81).

Ithaca Energy Stock Performance

Ithaca Energy stock traded up GBX 1.60 ($0.02) during midday trading on Tuesday, hitting GBX 126 ($1.58). 1,088,120 shares of the company’s stock were exchanged, compared to its average volume of 1,759,901. The firm’s 50 day simple moving average is GBX 106.17 and its 200 day simple moving average is GBX 113.91. Ithaca Energy plc has a 12-month low of GBX 94.38 ($1.18) and a 12-month high of GBX 151.80 ($1.90). The stock has a market cap of £2.08 billion and a price-to-earnings ratio of 1,050.00.

Ithaca Energy Increases Dividend

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

Ithaca Energy Company Profile

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.