Yacktman Asset Management LP Sells 30,000 Shares of Amplify Energy Corp. (NYSE:AMPY)

Yacktman Asset Management LP decreased its holdings in shares of Amplify Energy Corp. (NYSE:AMPY) by 12.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 205,000 shares of the company’s stock after selling 30,000 shares during the quarter. Yacktman Asset Management LP owned about 0.52% of Amplify Energy worth $1,230,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Exchange Traded Concepts LLC increased its position in shares of 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 purchasing an additional 4,196 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Amplify Energy by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 113,377 shares of the company’s stock worth $740,000 after acquiring an additional 4,454 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Amplify Energy by 34.8% during the fourth quarter. SG Americas Securities LLC now owns 18,274 shares of the company’s stock valued at $110,000 after acquiring an additional 4,720 shares during the period. Foundry Partners LLC boosted its holdings in Amplify Energy by 1.0% in the third quarter. Foundry Partners LLC now owns 570,770 shares of the company’s stock valued at $3,727,000 after acquiring an additional 5,410 shares during the last quarter. Finally, Quarry LP acquired a new stake in Amplify Energy in the third quarter worth about $43,000. Institutional investors and hedge funds own 42.84% of the company’s stock.

Amplify Energy Stock Performance

Shares of AMPY stock opened at $5.34 on Tuesday. The stock has a 50-day moving average of $5.91 and a 200-day moving average of $6.48. 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 has a market cap of $212.17 million, a PE ratio of 3.46 and a beta of 1.92. Amplify Energy Corp. has a one year low of $3.56 and a one year high of $8.15.

Wall Street Analysts Forecast Growth

Separately, Benchmark reiterated a “buy” rating and set a $11.00 price target on shares of Amplify Energy in a research report on Thursday, January 16th.

Amplify Energy 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.