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

Goehring & Rozencwajg Associates LLC trimmed its stake in Borr Drilling Limited (NYSE:BORR) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,033,317 shares of the company’s stock after selling 12,835 shares during the period. Goehring & Rozencwajg Associates LLC owned about 0.41% of Borr Drilling worth $3,896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Salvus Wealth Management LLC bought a new stake in shares of Borr Drilling during the fourth quarter valued at approximately $59,000. Ballentine Partners LLC bought a new stake in Borr Drilling during the 4th quarter valued at $83,000. Westend Capital Management LLC purchased a new stake in shares of Borr Drilling in the 4th quarter worth $86,000. Sei Investments Co. purchased a new stake in shares of Borr Drilling in the 2nd quarter worth $99,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Borr Drilling during the 4th quarter worth $130,000. 83.12% of the stock is owned by hedge funds and other institutional investors.

Borr Drilling Stock Performance

BORR stock opened at $3.25 on Friday. Borr Drilling Limited has a 1-year low of $3.22 and a 1-year high of $7.26. The business has a 50-day moving average price of $3.66 and a 200 day moving average price of $4.73. The company has a market capitalization of $819.63 million, a P/E ratio of 9.83 and a beta of 2.84. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.41 and a quick ratio of 1.41.

Borr Drilling (NYSE:BORR) last posted its earnings results on Wednesday, November 6th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). Borr Drilling had a net margin of 8.70% and a return on equity of 8.50%. The business had revenue of $241.60 million for the quarter.

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.