Virtu Financial LLC Purchases Shares of 12,681 Amplify Energy Corp. (NYSE:AMPY)

Virtu Financial LLC acquired a new stake in Amplify Energy Corp. (NYSE:AMPY) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 12,681 shares of the company’s stock, valued at approximately $76,000.

Several other large investors also recently modified their holdings of the stock. Barclays PLC lifted its holdings in Amplify Energy by 272.4% during the 3rd quarter. Barclays PLC now owns 52,159 shares of the company’s stock worth $341,000 after purchasing an additional 38,151 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Amplify Energy by 3.5% during the third quarter. Geode Capital Management LLC now owns 883,676 shares of the company’s stock worth $5,772,000 after buying an additional 29,988 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Amplify Energy in the fourth quarter valued at about $117,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Amplify Energy in the third quarter valued at about $124,000. Finally, State Street Corp increased its position in Amplify Energy by 2.1% during the third quarter. State Street Corp now owns 805,211 shares of the company’s stock worth $5,258,000 after acquiring an additional 16,885 shares during the period. 42.84% of the stock is owned by institutional investors.

Insider Activity at Amplify Energy

In related news, Director Todd R. Snyder bought 25,000 shares of the business’s stock in a transaction on Friday, March 7th. The shares were purchased at an average price of $3.83 per share, for a total transaction 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 approximately $415,233.28. This represents a 29.97 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Deborah G. Adams purchased 10,000 shares of the stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $4.14 per share, with a total value of $41,400.00. Following the completion of the acquisition, the director now directly owns 61,961 shares of the company’s stock, valued at approximately $256,518.54. This represents a 19.25 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 50,000 shares of company stock valued at $194,900 over the last ninety days. 1.96% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on AMPY. Alliance Global Partners reissued a “buy” rating on shares of Amplify Energy in a report on Friday, March 7th. Industrial Alliance Securities set a $8.50 price target on Amplify Energy in a research report on Friday, March 7th. Finally, Benchmark reaffirmed a “buy” rating and issued a $11.00 price objective on shares of Amplify Energy in a report on Thursday, January 16th.

Amplify Energy Price Performance

Shares of NYSE:AMPY opened at $3.76 on Tuesday. The firm has a 50 day moving average of $4.73 and a 200-day moving average of $5.86. Amplify Energy Corp. has a 12 month low of $3.54 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 has a market capitalization of $151.45 million, a PE ratio of 2.44 and a beta of 1.88.

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

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.