Wellington Management Group LLP Purchases New Position in Amplify Energy Corp. (NYSE:AMPY)

Wellington Management Group LLP acquired a new stake in shares of Amplify Energy Corp. (NYSE:AMPY) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 10,687 shares of the company’s stock, valued at approximately $70,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMPY. American Century Companies Inc. grew its stake in Amplify Energy by 422.6% in the second quarter. American Century Companies Inc. now owns 385,397 shares of the company’s stock worth $2,613,000 after purchasing an additional 311,646 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Amplify Energy by 12.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,225,071 shares of the company’s stock worth $15,086,000 after buying an additional 251,898 shares during the period. Acadian Asset Management LLC increased its stake in shares of Amplify Energy by 87.3% in the 2nd quarter. Acadian Asset Management LLC now owns 418,444 shares of the company’s stock worth $2,835,000 after acquiring an additional 195,059 shares in the last quarter. Cornercap Investment Counsel Inc. purchased a new position in Amplify Energy during the 2nd quarter valued at about $495,000. Finally, Sanctuary Advisors LLC bought a new stake in Amplify Energy during the second quarter worth about $443,000. Hedge funds and other institutional investors own 42.84% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Benchmark reaffirmed a “buy” rating and set a $11.00 target price on shares of Amplify Energy in a research note on Wednesday, October 16th.

Amplify Energy Trading Down 1.4 %

NYSE AMPY opened at $5.71 on Friday. Amplify Energy Corp. has a 12 month low of $3.56 and a 12 month high of $8.15. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.29. The stock’s fifty day moving average price is $6.56 and its 200-day moving average price is $6.70. The stock has a market cap of $227.09 million, a P/E ratio of 3.71 and a beta of 1.95.

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.