Spark Investment Management LLC decreased its position in North American Energy Partners, Inc. (NYSE:NOA) (TSE:NOA) by 5.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 357,700 shares of the oil and gas company’s stock after selling 22,203 shares during the period. Spark Investment Management LLC owned about 1.30% of North American Energy Partners worth $1,556,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the company. Acadian Asset Management LLC increased its position in shares of North American Energy Partners by 151.7% in the first quarter. Acadian Asset Management LLC now owns 1,252,322 shares of the oil and gas company’s stock worth $6,197,000 after buying an additional 754,745 shares during the period. Morgan Stanley increased its stake in North American Energy Partners by 147.8% in the first quarter. Morgan Stanley now owns 850,366 shares of the oil and gas company’s stock worth $4,210,000 after buying an additional 507,267 shares during the period. Renaissance Technologies LLC increased its stake in North American Energy Partners by 45.7% in the first quarter. Renaissance Technologies LLC now owns 1,068,300 shares of the oil and gas company’s stock worth $5,288,000 after buying an additional 335,040 shares during the period. Bank of Montreal Can increased its stake in North American Energy Partners by 17.1% in the first quarter. Bank of Montreal Can now owns 801,829 shares of the oil and gas company’s stock worth $3,969,000 after buying an additional 117,057 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its stake in North American Energy Partners by 82.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 60,592 shares of the oil and gas company’s stock worth $300,000 after buying an additional 27,292 shares during the period. 50.33% of the stock is currently owned by institutional investors.

North American Energy Partners, Inc. (NYSE NOA) traded down 1.27% during midday trading on Friday, hitting $3.90. 27,980 shares of the stock were exchanged. The firm has a 50 day moving average of $4.16 and a 200-day moving average of $4.65. The stock has a market cap of $104.74 million, a price-to-earnings ratio of 100.00 and a beta of 0.63. North American Energy Partners, Inc. has a 12-month low of $2.34 and a 12-month high of $5.70.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.016 per share. This is a positive change from North American Energy Partners’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Tuesday, August 29th. North American Energy Partners’s dividend payout ratio is presently 600.00%.

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A number of research firms have recently issued reports on NOA. National Bank Financial reissued an “outperform” rating on shares of North American Energy Partners in a research note on Wednesday, May 3rd. Zacks Investment Research raised shares of North American Energy Partners from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a research note on Thursday, May 25th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $9.00 price target on shares of North American Energy Partners in a research note on Tuesday, May 2nd. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. North American Energy Partners currently has an average rating of “Buy” and an average price target of $6.88.

North American Energy Partners Company Profile

North American Energy Partners Inc provides a range of mining and heavy construction services to customers in the resource development and industrial construction sectors within Western Canada. The Company’s operating divisions include Heavy Construction and Mining; Industrial, and Tailings & Environmental Construction.

Institutional Ownership by Quarter for North American Energy Partners (NYSE:NOA)

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