Dimensional Fund Advisors LP Lowers Stock Holdings in Amplify Energy Corp. $AMPY

Key Points

• Dimensional Fund Advisors reduced its Amplify Energy stake by 21.5% in the first quarter, selling 447,505 shares and retaining 1.63 million shares worth approximately $10.2 million. Institutional investors collectively own 42.84% of the company.
• Amplify Energy’s shares opened at $4.03, near the lower end of their 52-week range of $3.41 to $6.79. The company reported a quarterly loss of $0.93 per share, significantly missing the $0.06 consensus estimate, while revenue also fell slightly short of expectations.
• Analyst sentiment remains negative: Wall Street Zen and Weiss Ratings downgraded the stock, and MarketBeat reports an overall “Sell” rating. Separately, insider James Frew purchased 25,000 shares valued at $98,750.

Dimensional Fund Advisors LP lessened its holdings in shares of Amplify Energy Corp. (NYSE:AMPY - Free Report) by 21.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,632,763 shares of the company's stock after selling 447,505 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.95% of Amplify Energy worth $10,189,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Assenagon Asset Management S.A. purchased a new stake in shares of Amplify Energy during the 1st quarter valued at about $994,000. 683 Capital Management LLC purchased a new position in Amplify Energy in the 4th quarter worth approximately $862,000. Lakewood Asset Management LLC boosted its holdings in Amplify Energy by 7.4% in the 4th quarter. Lakewood Asset Management LLC now owns 34,665 shares of the company's stock worth $158,000 after acquiring an additional 2,386 shares during the period. Ritholtz Wealth Management acquired a new stake in Amplify Energy in the fourth quarter valued at approximately $405,000. Finally, Tower Research Capital LLC TRC grew its position in Amplify Energy by 371.6% in the second quarter. Tower Research Capital LLC TRC now owns 22,262 shares of the company's stock valued at $71,000 after acquiring an additional 17,541 shares in the last quarter. Institutional investors and hedge funds own 42.84% of the company's stock.

Amplify Energy Trading Down 0.1%

NYSE:AMPY opened at $4.03 on Monday. The stock has a 50 day moving average of $4.10 and a 200-day moving average of $5.06. The firm has a market capitalization of $166.19 million, a PE ratio of 20.12 and a beta of -0.17. Amplify Energy Corp. has a 52 week low of $3.41 and a 52 week high of $6.79.

Amplify Energy (NYSE:AMPY - Get Free Report) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.99). The company had revenue of $37.46 million during the quarter, compared to the consensus estimate of $38.11 million. Amplify Energy had a negative return on equity of 3.71% and a net margin of 5.12%.

Insider Buying and Selling

In related news, insider James Frew bought 25,000 shares of Amplify Energy stock in a transaction dated Tuesday, June 23rd. The stock was acquired at an average cost of $3.95 per share, with a total value of $98,750.00. Following the completion of the acquisition, the insider directly owned 216,859 shares in the company, valued at approximately $856,593.05. This trade represents a 13.03% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 8.99% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Amplify Energy from a "sell" rating to a "strong sell" rating in a report on Saturday. Weiss Ratings lowered shares of Amplify Energy from a "hold (c)" rating to a "sell (d)" rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of "Sell".

Amplify Energy Company Profile

Amplify Energy Corp NYSE: AMPY is an independent upstream energy company focused on the exploration, development and production of crude oil and natural gas resources in the United States. The company's operations emphasize both conventional and unconventional plays, combining onshore and offshore activities. Amplify Energy applies advanced reservoir management techniques and disciplined capital allocation to identify and develop reserves with attractive economics while managing commodity price exposure through targeted risk strategies.

The company's asset portfolio is concentrated along the U.S.

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