Borr Drilling Limited (NYSE:BORR) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its position in Borr Drilling Limited (NYSE:BORR) by 55.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 198,031 shares of the company’s stock after selling 243,705 shares during the quarter. Swiss National Bank owned about 0.08% of Borr Drilling worth $708,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. HITE Hedge Asset Management LLC acquired a new position in Borr Drilling in the third quarter valued at approximately $4,214,000. 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 purchasing an additional 248,482 shares during the last quarter. HighTower Advisors LLC acquired a new position in shares of Borr Drilling in the 4th quarter valued at $920,000. XTX Topco Ltd purchased a new position in shares of Borr Drilling during the 3rd quarter worth $443,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Borr Drilling during the 3rd quarter worth about $341,000. Hedge funds and other institutional investors own 83.12% of the company’s stock.

Borr Drilling Stock Down 6.1 %

Shares of BORR opened at $2.24 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.91. The firm has a market cap of $547.41 million, a P/E ratio of 6.98 and a beta of 2.69. The company’s 50-day moving average price is $2.85 and its 200 day moving average price is $3.85. Borr Drilling Limited has a 12-month low of $2.08 and a 12-month high of $7.26.

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

Borr Drilling Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, March 3rd were issued a $0.02 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.08 annualized dividend and a dividend yield of 3.58%. Borr Drilling’s dividend payout ratio is presently 31.25%.

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.