Borr Drilling Limited (NYSE:BORR) Shares Purchased by FIL Ltd

FIL Ltd grew its stake in Borr Drilling Limited (NYSE:BORR) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,593,801 shares of the company’s stock after buying an additional 267,791 shares during the quarter. FIL Ltd owned 4.59% of Borr Drilling worth $45,216,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in BORR. SBI Securities Co. Ltd. acquired a new stake in shares of Borr Drilling in the 4th quarter valued at $59,000. Salvus Wealth Management LLC acquired a new position in Borr Drilling in the fourth quarter valued at approximately $59,000. Ballentine Partners LLC purchased a new position in Borr Drilling in the fourth quarter valued at approximately $83,000. Westend Capital Management LLC acquired a new stake in Borr Drilling during the fourth quarter worth approximately $86,000. Finally, Cibc World Markets Corp purchased a new stake in shares of Borr Drilling during the 4th quarter worth approximately $87,000. 83.12% of the stock is owned by institutional investors and hedge funds.

Borr Drilling Trading Down 11.1 %

NYSE BORR opened at $1.96 on Friday. The firm’s fifty day moving average price is $2.54 and its 200 day moving average price is $3.59. Borr Drilling Limited has a 12 month low of $1.62 and a 12 month high of $7.26. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market capitalization of $478.83 million, a price-to-earnings ratio of 6.11 and a beta of 2.22.

Borr Drilling (NYSE:BORR) last announced its earnings results on Wednesday, February 19th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The firm had revenue of $263.10 million during the quarter, compared to analyst estimates of $247.78 million. Borr Drilling had a net margin of 8.12% and a return on equity of 8.27%.

Borr Drilling Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 4.09%. The ex-dividend date was Monday, March 3rd. Borr Drilling’s payout ratio is currently 31.25%.

Borr Drilling Profile

Borr Drilling Limited operates as an offshore shallow-water drilling contractor to the oil and gas industry worldwide. The company owns, contracts, and operates jack-up drilling rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production.