Goehring & Rozencwajg Associates LLC Boosts Stock Position in Borr Drilling Limited (NYSE:BORR)

Goehring & Rozencwajg Associates LLC boosted its holdings in shares of Borr Drilling Limited (NYSE:BORR) by 10.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 975,052 shares of the company’s stock after acquiring an additional 94,300 shares during the quarter. Goehring & Rozencwajg Associates LLC owned 0.64% of Borr Drilling worth $6,289,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its holdings in Borr Drilling by 111.6% during the 4th quarter. Quadrant Capital Group LLC now owns 4,472 shares of the company’s stock valued at $33,000 after acquiring an additional 2,359 shares during the period. Covestor Ltd boosted its holdings in Borr Drilling by 31,600.0% during the 1st quarter. Covestor Ltd now owns 5,706 shares of the company’s stock valued at $39,000 after acquiring an additional 5,688 shares during the period. Signaturefd LLC boosted its holdings in Borr Drilling by 666.6% during the 2nd quarter. Signaturefd LLC now owns 7,865 shares of the company’s stock valued at $51,000 after acquiring an additional 6,839 shares during the period. Ballentine Partners LLC purchased a new position in Borr Drilling during the 1st quarter valued at $88,000. Finally, SG Americas Securities LLC purchased a new position in Borr Drilling during the 1st quarter valued at $89,000. Hedge funds and other institutional investors own 83.12% of the company’s stock.

Borr Drilling Price Performance

Shares of BORR stock opened at $5.58 on Thursday. Borr Drilling Limited has a twelve month low of $5.09 and a twelve month high of $7.80. The stock has a market capitalization of $850.19 million, a price-to-earnings ratio of 32.79 and a beta of 3.00. The stock has a fifty day simple moving average of $6.19 and a two-hundred day simple moving average of $6.19. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.75.

Borr Drilling (NYSE:BORR) last issued its earnings results on Wednesday, August 14th. The company reported $0.12 earnings per share for the quarter. Borr Drilling had a return on equity of 7.69% and a net margin of 8.15%. The business had revenue of $271.90 million during the quarter.

Borr Drilling Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Thursday, August 22nd were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.17%. The ex-dividend date was Thursday, August 22nd. Borr Drilling’s dividend payout ratio (DPR) is currently 58.82%.

Analyst Ratings Changes

Separately, Evercore ISI upgraded Borr Drilling from an “in-line” rating to an “outperform” rating and set a $9.00 target price for the company in a report on Friday, September 13th.

About Borr Drilling

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.