Yacktman Asset Management LP Sells 15,000 Shares of Amplify Energy Corp. (NYSE:AMPY)

Yacktman Asset Management LP lowered its position in Amplify Energy Corp. (NYSE:AMPY) by 7.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 190,000 shares of the company’s stock after selling 15,000 shares during the period. Yacktman Asset Management LP’s holdings in Amplify Energy were worth $711,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Rangeley Capital LLC bought a new stake in Amplify Energy during the fourth quarter valued at about $8,154,000. Inlight Wealth Management LLC bought a new position in shares of Amplify Energy in the fourth quarter worth about $2,197,000. American Century Companies Inc. boosted its stake in shares of Amplify Energy by 26.8% in the fourth quarter. American Century Companies Inc. now owns 1,085,645 shares of the company’s stock worth $6,514,000 after acquiring an additional 229,608 shares during the period. Segall Bryant & Hamill LLC bought a new position in shares of Amplify Energy in the fourth quarter worth about $1,022,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Amplify Energy by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,463,188 shares of the company’s stock worth $14,779,000 after acquiring an additional 88,707 shares during the period. Institutional investors own 42.84% of the company’s stock.

Insider Activity

In other Amplify Energy news, Director Clint D. Coghill bought 181,000 shares of the business’s stock in a transaction dated Wednesday, June 4th. The shares were purchased at an average price of $3.27 per share, with a total value of $591,870.00. Following the completion of the purchase, the director owned 2,881,347 shares in the company, valued at $9,422,004.69. This represents a 6.70% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Daniel Furbee bought 10,000 shares of the business’s stock in a transaction dated Friday, May 30th. The shares were acquired at an average cost of $2.97 per share, for a total transaction of $29,700.00. Following the purchase, the insider owned 49,238 shares of the company’s stock, valued at approximately $146,236.86. The trade was a 25.49% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 541,176 shares of company stock valued at $1,860,626. 10.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Benchmark reaffirmed a “buy” rating on shares of Amplify Energy in a research note on Thursday, July 3rd. Alliance Global Partners began coverage on Amplify Energy in a research report on Monday, June 30th. They issued a “buy” rating and a $6.00 target price on the stock. Finally, Wall Street Zen downgraded Amplify Energy from a “hold” rating to a “sell” rating in a research report on Friday, June 6th.

Amplify Energy Trading Up 6.3%

Shares of AMPY stock opened at $3.38 on Wednesday. Amplify Energy Corp. has a 1 year low of $2.27 and a 1 year high of $8.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.76 and a quick ratio of 0.76. The stock’s 50 day simple moving average is $3.12 and its two-hundred day simple moving average is $4.04. The company has a market cap of $136.35 million, a PE ratio of 9.14 and a beta of 0.46.

Amplify Energy (NYSE:AMPY) last released its earnings results on Monday, May 12th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The business had revenue of $72.05 million for the quarter, compared to the consensus estimate of $73.87 million. Amplify Energy had a net margin of 5.67% and a return on equity of 9.56%. Research analysts predict that Amplify Energy Corp. will post 1.25 earnings per share for the current 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.