Martingale Asset Management L P Sells 123,810 Shares of Amplify Energy Corp. (NYSE:AMPY)

Martingale Asset Management L P cut its stake in shares of Amplify Energy Corp. (NYSE:AMPY - Free Report) by 91.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,900 shares of the company's stock after selling 123,810 shares during the quarter. Martingale Asset Management L P's holdings in Amplify Energy were worth $78,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Amplify Energy by 7.1% in the first quarter. Vanguard Group Inc. now owns 2,423,704 shares of the company's stock worth $16,021,000 after purchasing an additional 159,699 shares during the last quarter. Price T Rowe Associates Inc. MD purchased a new stake in shares of Amplify Energy during the 1st quarter valued at about $67,000. Simplicity Wealth LLC bought a new stake in shares of Amplify Energy in the second quarter worth approximately $78,000. Bank of New York Mellon Corp raised its holdings in shares of Amplify Energy by 11.0% during the second quarter. Bank of New York Mellon Corp now owns 446,939 shares of the company's stock valued at $3,030,000 after purchasing an additional 44,431 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its position in Amplify Energy by 10.6% during the second quarter. Panagora Asset Management Inc. now owns 275,542 shares of the company's stock valued at $1,868,000 after purchasing an additional 26,508 shares during the period. Hedge funds and other institutional investors own 42.84% of the company's stock.

Amplify Energy Stock Performance

Shares of Amplify Energy stock traded down $0.01 on Thursday, hitting $6.43. 155,709 shares of the company's stock were exchanged, compared to its average volume of 455,190. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $255.72 million, a PE ratio of 4.18 and a beta of 1.95. Amplify Energy Corp. has a 1 year low of $3.56 and a 1 year high of $8.15. The company has a 50-day simple moving average of $6.71 and a 200-day simple moving average of $6.71.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AMPY. Benchmark reiterated a "buy" rating and set a $11.00 target price on shares of Amplify Energy in a research note on Wednesday, October 16th. Alliance Global Partners increased their target price on Amplify Energy from $9.00 to $9.50 and gave the company a "buy" rating in a report on Friday, August 9th.

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.