Geode Capital Management LLC Increases Position in Amplify Energy Corp. (NYSE:AMPY)

Geode Capital Management LLC lifted its stake in shares of Amplify Energy Corp. (NYSE:AMPY) by 3.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 883,676 shares of the company’s stock after purchasing an additional 29,988 shares during the quarter. Geode Capital Management LLC’s holdings in Amplify Energy were worth $5,772,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in Amplify Energy by 12.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,225,071 shares of the company’s stock worth $15,086,000 after purchasing an additional 251,898 shares during the last quarter. State Street Corp grew 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 buying an additional 16,885 shares during the period. Foundry Partners LLC increased its holdings in shares of Amplify Energy by 1.0% during the 3rd quarter. Foundry Partners LLC now owns 570,770 shares of the company’s stock worth $3,727,000 after buying an additional 5,410 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Amplify Energy by 11.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 446,939 shares of the company’s stock valued at $3,030,000 after buying an additional 44,431 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in Amplify Energy by 87.3% in the second quarter. Acadian Asset Management LLC now owns 418,444 shares of the company’s stock valued at $2,835,000 after acquiring an additional 195,059 shares during the last quarter. 42.84% of the stock is currently owned by hedge funds and other institutional investors.

Amplify Energy Price Performance

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

Wall Street Analyst Weigh In

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

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.