BlackRock Amends Passive Stake in Amplify Energy Corp.
Ticker: AMPY · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 1533924
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still owns Amplify Energy stock, signaling continued institutional interest.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 29, 2024, indicating its ownership of Amplify Energy Corp. common stock as of December 31, 2023. This filing, an amendment to a previous one, shows BlackRock's continued significant, but passive, investment in Amplify Energy. This matters to investors because BlackRock is a major institutional investor, and its holdings can signal confidence (or lack thereof) in the company's long-term prospects, even if the specific percentage isn't disclosed in this snippet.
Why It Matters
This filing confirms BlackRock's ongoing, substantial, yet passive, investment in Amplify Energy, which can influence investor sentiment and potentially the stock's stability.
Risk Assessment
Risk Level: low — This is a routine amendment by a large institutional investor, indicating a passive stake, which generally doesn't pose immediate risks.
Analyst Insight
Investors should note BlackRock's continued passive stake in Amplify Energy, but this filing alone doesn't provide enough information to warrant a change in investment strategy without knowing the specific percentage of ownership or any changes from previous filings.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Amplify Energy Corp. (company) — the subject company whose stock BlackRock holds
- December 31, 2023 (date) — the date of the event requiring the filing
- January 29, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'Amendment No: 1' sections.
Who is the 'Subject Company' in this filing?
The 'Subject Company' is Amplify Energy Corp., identified by its 'COMPANY CONFORMED NAME: Amplify Energy Corp.' and 'CENTRAL INDEX KEY: 0001533924'.
Who is the 'Filed By' entity in this document?
The entity that filed this document is BlackRock Inc., as indicated by 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What is the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023, as explicitly stated in the filing.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed under Rule 13d-1(b), as indicated by the '[X] Rule 13d-1(b)' checkbox.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding Amplify Energy Corp. (AMPY).