Insider Buying: Seplat Energy Plc (LON:SEPL) Insider Purchases 18,000 Shares of Stock

Seplat Energy Plc (LON:SEPL) insider Babs Omotowa acquired 18,000 shares of Seplat Energy stock in a transaction dated Friday, March 28th. The stock was bought at an average price of GBX 177 ($2.29) per share, with a total value of £31,860 ($41,237.38).

Babs Omotowa also recently made the following trade(s):

• On Friday, March 14th, Babs Omotowa purchased 20,000 shares of Seplat Energy stock. The shares were bought at an average cost of GBX 177 ($2.29) per share, with a total value of £35,400 ($45,819.31).

Seplat Energy Stock Down 1.4 %

LON SEPL opened at GBX 174 ($2.25) on Friday. Seplat Energy Plc has a 52 week low of GBX 143 ($1.85) and a 52 week high of GBX 243 ($3.15). The company has a quick ratio of 1.40, a current ratio of 1.48 and a debt-to-equity ratio of 43.24. The company has a market capitalization of £1.27 billion, a P/E ratio of 15.78, a price-to-earnings-growth ratio of 0.09 and a beta of 0.45. The stock’s 50-day moving average price is GBX 189.81 and its 200-day moving average price is GBX 200.38.

Seplat Energy Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, May 8th will be issued a $0.07 dividend. This represents a yield of 3.04%. This is a positive change from Seplat Energy’s previous dividend of $0.04. The ex-dividend date of this dividend is Thursday, May 8th. Seplat Energy’s dividend payout ratio is currently 81.62%.

Seplat Energy Company Profile

Seplat Energy is Nigeria’s leading indigenous, independent oil and gas producer, producing oil and gas production volumes of 48,152 barrels of oil equivalent per day (boepd) in 9M 2023, including 117 MMscfd (20,083 boepd) of processed natural gas for domestic power generation in 9M 2023.

Seplat Energy is focused on powering Nigeria’s energy transition.