Geode Capital Management LLC Sells 19,469 Shares of Amplify Energy Corp. (NYSE:AMPY)

Geode Capital Management LLC lessened its stake in shares of Amplify Energy Corp. (NYSE:AMPY) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 864,207 shares of the company’s stock after selling 19,469 shares during the quarter. Geode Capital Management LLC’s holdings in Amplify Energy were worth $5,187,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. American Century Companies Inc. increased its stake in shares of Amplify Energy by 26.8% in the fourth quarter. American Century Companies Inc. now owns 1,085,645 shares of the company’s stock valued at $6,514,000 after buying an additional 229,608 shares during the period. Segall Bryant & Hamill LLC bought a new stake in Amplify Energy in the fourth quarter valued at approximately $1,022,000. Barclays PLC increased its position in Amplify Energy by 272.4% during the 3rd quarter. Barclays PLC now owns 52,159 shares of the company’s stock valued at $341,000 after purchasing an additional 38,151 shares during the period. Intech Investment Management LLC acquired a new position in shares of Amplify Energy in the 4th quarter worth approximately $117,000. Finally, State Street Corp boosted its stake in shares of Amplify Energy by 2.1% in the 3rd quarter. State Street Corp now owns 805,211 shares of the company’s stock valued at $5,258,000 after purchasing an additional 16,885 shares during the last quarter. 42.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Amplify Energy Stock Up 5.5 %

AMPY stock opened at $2.68 on Friday. The stock’s 50 day moving average is $3.61 and its 200-day moving average is $5.29. Amplify Energy Corp. has a twelve month low of $2.27 and a twelve month high of $8.15. The firm has a market capitalization of $108.10 million, a PE ratio of 1.74 and a beta of 1.33. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.29.

Amplify Energy (NYSE:AMPY) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.17). The firm had revenue of $69.02 million during the quarter, compared to analysts’ expectations of $76.04 million. Amplify Energy had a net margin of 20.99% and a return on equity of 16.22%. Sell-side analysts expect that Amplify Energy Corp. will post 1.25 EPS for the current fiscal year.

Insider Activity

In related news, Director Deborah G. Adams purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost of $4.14 per share, for a total transaction of $41,400.00. Following the completion of the transaction, the director now directly owns 61,961 shares in the company, valued at approximately $256,518.54. This represents a 19.25 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Todd R. Snyder purchased 25,000 shares of the business’s stock in a transaction on Friday, March 7th. The stock was purchased at an average cost of $3.83 per share, with a total value of $95,750.00. Following the completion of the acquisition, the director now owns 108,416 shares in the company, valued at approximately $415,233.28. This trade represents a 29.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 50,000 shares of company stock valued at $194,900 in the last three months. Company insiders own 1.96% of the company’s stock.

Amplify Energy Company Profile

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.