JPMorgan Chase & Co. raised its holdings in Borr Drilling Limited (NYSE:BORR – Free Report) by 1.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 432,893 shares of the company’s stock after purchasing an additional 7,682 shares during the quarter. JPMorgan Chase & Co. owned 0.17% of Borr Drilling worth $2,377,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the business. FMR LLC lifted its stake in shares of Borr Drilling by 0.4% in the 3rd quarter. FMR LLC now owns 7,668,451 shares of the company’s stock valued at $42,108,000 after acquiring an additional 28,587 shares during the last quarter. State Street Corp lifted its stake in shares of Borr Drilling by 0.6% in the 3rd quarter. State Street Corp now owns 3,905,259 shares of the company’s stock valued at $21,440,000 after acquiring an additional 22,800 shares during the last quarter. De Lisle Partners LLP lifted its stake in shares of Borr Drilling by 1.9% in the 3rd quarter. De Lisle Partners LLP now owns 1,571,424 shares of the company’s stock valued at $8,619,000 after acquiring an additional 30,000 shares during the last quarter. HITE Hedge Asset Management LLC bought a new position in shares of Borr Drilling in the 3rd quarter valued at $4,214,000. Finally, Barclays PLC lifted its stake in shares of Borr Drilling by 52.9% in the 3rd quarter. Barclays PLC now owns 718,537 shares of the company’s stock valued at $3,944,000 after acquiring an additional 248,482 shares during the last quarter. Institutional investors and hedge funds own 83.12% of the company’s stock.
Borr Drilling Stock Up 4.8 %
Shares of BORR opened at $3.64 on Wednesday. Borr Drilling Limited has a 52 week low of $3.29 and a 52 week high of $7.42. The stock has a market capitalization of $918.14 million, a price-to-earnings ratio of 11.02 and a beta of 2.89. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a fifty day moving average of $3.78 and a 200-day moving average of $5.00.
Borr Drilling Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Friday, November 29th. Borr Drilling’s dividend payout ratio is currently 30.30%.
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.
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