Amplify Energy Corp. (NYSE:AMPY) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in Amplify Energy Corp. (NYSE:AMPY) by 3.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 883,676 shares of the company’s stock after acquiring an additional 29,988 shares during the quarter. Geode Capital Management LLC owned approximately 2.22% of Amplify Energy worth $5,772,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Quarry LP purchased a new position in shares of Amplify Energy in the 3rd quarter valued at about $43,000. Quest Partners LLC purchased a new stake in shares of Amplify Energy in the third quarter valued at approximately $45,000. Creative Planning acquired a new position in shares of Amplify Energy during the 3rd quarter worth approximately $67,000. EP Wealth Advisors LLC purchased a new position in shares of Amplify Energy during the 3rd quarter valued at approximately $69,000. Finally, Wellington Management Group LLP acquired a new stake in Amplify Energy in the 3rd quarter valued at $70,000. Hedge funds and other institutional investors own 42.84% of the company’s stock.

Amplify Energy Stock Performance

NYSE AMPY opened at $6.16 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s 50 day simple moving average is $6.40 and its 200-day simple moving average is $6.70. The company has a market cap of $244.98 million, a PE ratio of 4.00 and a beta of 1.95. Amplify Energy Corp. has a 1-year low of $3.56 and a 1-year high of $8.15.

Wall Street Analysts Forecast Growth

Separately, Benchmark reaffirmed a “buy” rating and set a $11.00 price objective on shares of Amplify Energy in a report on Wednesday, October 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.