Iain Clifford Scobbie Lewis Buys 139 Shares of Ithaca Energy plc (LON:ITH) Stock

Ithaca Energy plc (LON:ITH) insider Iain Clifford Scobbie Lewis bought 139 shares of Ithaca Energy stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average price of GBX 108 ($1.38) per share, with a total value of £150.12 ($191.33).

Ithaca Energy Stock Up 0.8 %

Shares of ITH stock opened at GBX 106.60 ($1.36) on Friday. The stock has a 50-day moving average price of GBX 104.95 and a 200 day moving average price of GBX 116.24. Ithaca Energy plc has a 12 month low of GBX 94.38 ($1.20) and a 12 month high of GBX 157 ($2.00). The firm has a market cap of £1.76 billion and a price-to-earnings ratio of 888.33.

Ithaca Energy Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, November 28th will be given a dividend of $0.12 per share. This is a boost from Ithaca Energy’s previous dividend of $0.10. This represents a dividend yield of 9.56%. The ex-dividend date of this dividend is Thursday, November 28th. Ithaca Energy’s dividend payout ratio is currently 23,333.33%.

About Ithaca Energy

Ithaca Energy plc, together with its subsidiaries, engages in the exploration, development, and production of oil and gas in the North Sea. The company own a portfolio of assets located in Northern and Central North Sea, Moray Firth, and West of Shetland area of the UKCS. Ithaca Energy plc was formerly known as Delek North Sea Limited and changed its name to Ithaca Energy plc in October 2022.