Insider Selling: Ithaca Energy plc (LON:ITH) Insider Sells 114,274 Shares of Stock

Ithaca Energy plc (LON:ITH - Get Free Report) insider Iain Clifford Scobbie Lewis sold 114,274 shares of the firm's stock in a transaction on Friday, March 28th. The stock was sold at an average price of GBX 162 ($2.09), for a total transaction of £185,123.88 ($238,807.89).

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

• On Monday, January 6th, Iain Clifford Scobbie Lewis acquired 121 shares of Ithaca Energy stock. The stock was bought at an average cost of GBX 124 ($1.60) per share, for a total transaction of £150.04 ($193.55).

Ithaca Energy Price Performance

LON ITH traded down GBX 9.60 ($0.12) on Friday, reaching GBX 131 ($1.69). The stock had a trading volume of 31,779,732 shares, compared to its average volume of 2,247,224. Ithaca Energy plc has a 1-year low of GBX 94.38 ($1.22) and a 1-year high of GBX 165.40 ($2.13). The firm has a fifty day moving average of GBX 136.40 and a two-hundred day moving average of GBX 119.12. The company has a market cap of £2.73 billion and a P/E ratio of 14.96.

Ithaca Energy Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, April 10th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a yield of 6.56%. Ithaca Energy's payout ratio is presently 319.76%.

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.