Bank of New York Mellon Corp Sells 12,672 Shares of Amplify Energy Corp. (NYSE:AMPY)

Bank of New York Mellon Corp cut its stake in shares of Amplify Energy Corp. (NYSE:AMPY) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 405,503 shares of the company’s stock after selling 12,672 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.02% of Amplify Energy worth $2,433,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Sanctuary Advisors LLC lifted its position in shares of Amplify Energy by 4.2% during the fourth quarter. Sanctuary Advisors LLC now owns 69,225 shares of the company’s stock worth $415,000 after purchasing an additional 2,765 shares during the last quarter. Rhumbline Advisers boosted its stake in Amplify Energy by 3.6% in the 4th quarter. Rhumbline Advisers now owns 102,030 shares of the company’s stock worth $612,000 after purchasing an additional 3,580 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in Amplify Energy by 9.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 50,414 shares of the company’s stock worth $302,000 after acquiring an additional 4,196 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Amplify Energy by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 113,377 shares of the company’s stock valued at $740,000 after acquiring an additional 4,454 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Amplify Energy by 34.8% during the 4th quarter. SG Americas Securities LLC now owns 18,274 shares of the company’s stock worth $110,000 after purchasing an additional 4,720 shares during the period. 42.84% of the stock is owned by institutional investors.

Insider Buying and Selling at Amplify Energy

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

Amplify Energy Trading Down 1.4 %

AMPY opened at $3.93 on Friday. 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 firm has a market cap of $158.31 million, a price-to-earnings ratio of 2.55 and a beta of 1.88. The business’s 50 day moving average is $5.05 and its two-hundred day moving average is $6.00. Amplify Energy Corp. has a 52 week low of $3.54 and a 52 week high of $8.15.

Amplify Energy (NYSE:AMPY) last released 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 firm had revenue of $69.02 million during the quarter, compared to analyst estimates of $76.04 million. Amplify Energy had a return on equity of 16.22% and a net margin of 20.99%. On average, research analysts predict that Amplify Energy Corp. will post 1.25 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on AMPY shares. Benchmark restated a “buy” rating and set a $11.00 target price on shares of Amplify Energy in a research report on Thursday, January 16th. Alliance Global Partners reissued a “buy” rating on shares of Amplify Energy in a research note on Friday, March 7th. Finally, Industrial Alliance Securities set a $8.50 target price on shares of Amplify Energy in a research report on Friday, March 7th.

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.