Amplify Energy Corp. (NYSE:AMPY) Position Cut by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in Amplify Energy Corp. (NYSE:AMPY) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 405,503 shares of the company’s stock after selling 12,672 shares during the quarter. Bank of New York Mellon Corp’s holdings in Amplify Energy were worth $2,433,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sanctuary Advisors LLC lifted its stake in Amplify Energy by 4.2% in the 4th quarter. Sanctuary Advisors LLC now owns 69,225 shares of the company’s stock worth $415,000 after acquiring an additional 2,765 shares in the last quarter. Rhumbline Advisers increased its position in Amplify Energy by 3.6% during the fourth quarter. Rhumbline Advisers now owns 102,030 shares of the company’s stock worth $612,000 after acquiring an additional 3,580 shares during the period. Empowered Funds LLC boosted its stake in Amplify Energy by 5.1% during the fourth quarter. Empowered Funds LLC now owns 155,622 shares of the company’s stock worth $934,000 after buying an additional 7,516 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in Amplify Energy by 68.3% during the fourth quarter. Bleakley Financial Group LLC now owns 18,908 shares of the company’s stock valued at $113,000 after purchasing an additional 7,671 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Amplify Energy by 9.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 50,414 shares of the company’s stock valued at $302,000 after acquiring an additional 4,196 shares during the period. 42.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Amplify Energy news, Director Todd R. Snyder purchased 25,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average cost of $3.83 per share, for a total transaction of $95,750.00. Following the completion of the acquisition, the director now owns 108,416 shares of the company’s stock, valued at $415,233.28. The trade was a 29.97 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James Frew bought 15,000 shares of Amplify Energy stock in a transaction dated Friday, March 7th. The shares were bought at an average cost of $3.85 per share, with a total value of $57,750.00. Following the completion of the transaction, the insider now directly owns 54,222 shares in the company, valued at approximately $208,754.70. This trade represents a 38.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 50,000 shares of company stock worth $194,900 in the last ninety days. Corporate insiders own 1.96% of the company’s stock.

Amplify Energy Stock Performance

NYSE:AMPY opened at $3.93 on Friday. The firm has a market capitalization of $158.31 million, a PE ratio of 2.55 and a beta of 1.88. Amplify Energy Corp. has a twelve month low of $3.54 and a twelve month high of $8.15. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.29. The stock’s 50-day simple moving average is $5.05 and its 200 day simple moving average is $6.00.

Amplify Energy (NYSE:AMPY) last announced its earnings results on Wednesday, March 5th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.17). The business had revenue of $69.02 million for the quarter, compared to the consensus estimate of $76.04 million. Amplify Energy had a net margin of 20.99% and a return on equity of 16.22%. On average, analysts anticipate that Amplify Energy Corp. will post 1.25 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Industrial Alliance Securities set a $8.50 price target on shares of Amplify Energy in a research report on Friday, March 7th. Alliance Global Partners reissued a “buy” rating on shares of Amplify Energy in a research report on Friday, March 7th. Finally, Benchmark reissued a “buy” rating and set a $11.00 price target on shares of Amplify Energy in a research report on Thursday, January 16th.

About Amplify Energy

Amplify Energy Corp., together with its subsidiaries, engages in the acquisition, development, exploitation, and production of oil and natural gas properties in the United States. The company’s properties consist of operated and non-operated working interests in producing and undeveloped leasehold acreage, as well as working interests in identified producing wells located in Oklahoma, the Rockies, federal waters offshore Southern California, East Texas/North Louisiana, and Eagle Ford.