Cibc World Markets Corp Takes Position in Borr Drilling Limited (NYSE:BORR)

Cibc World Markets Corp bought a new position in shares of Borr Drilling Limited (NYSE:BORR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 22,186 shares of the company’s stock, valued at approximately $87,000.

Other large investors also recently bought and sold shares of the company. Salvus Wealth Management LLC acquired a new stake in Borr Drilling in the fourth quarter valued at approximately $59,000. SBI Securities Co. Ltd. acquired a new position in shares of Borr Drilling during the fourth quarter worth $59,000. Ballentine Partners LLC purchased a new position in Borr Drilling in the fourth quarter valued at $83,000. Westend Capital Management LLC acquired a new stake in Borr Drilling in the fourth quarter valued at $86,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Borr Drilling during the 4th quarter worth about $130,000. Hedge funds and other institutional investors own 83.12% of the company’s stock.

Borr Drilling Trading Up 0.2 %

NYSE:BORR opened at $2.39 on Friday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.41 and a current ratio of 1.41. Borr Drilling Limited has a 1 year low of $2.08 and a 1 year high of $7.26. The stock has a market cap of $602.41 million, a P/E ratio of 7.45 and a beta of 2.69. The stock has a 50-day simple moving average of $2.88 and a 200-day simple moving average of $3.88.

Borr Drilling (NYSE:BORR) last announced its quarterly 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). Borr Drilling had a net margin of 8.12% and a return on equity of 8.27%. The business had revenue of $263.10 million during the quarter, compared to analyst estimates of $247.78 million.

Borr Drilling Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, March 3rd were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.08 annualized dividend and a yield of 3.35%. Borr Drilling’s dividend payout ratio is currently 31.25%.

Borr Drilling Company 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.