X Square Capital LLC Increases Holdings in Borr Drilling Limited $BORR

X Square Capital LLC raised its holdings in shares of Borr Drilling Limited (NYSE:BORR) by 56.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 312,714 shares of the company’s stock after acquiring an additional 113,253 shares during the period. X Square Capital LLC’s holdings in Borr Drilling were worth $841,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Goehring & Rozencwajg Associates LLC raised its holdings in Borr Drilling by 0.8% in the 3rd quarter. Goehring & Rozencwajg Associates LLC now owns 1,042,699 shares of the company’s stock valued at $2,805,000 after acquiring an additional 8,738 shares during the last quarter. Pekin Hardy Strauss Inc. purchased a new position in Borr Drilling during the third quarter worth about $735,000. Vanguard Group Inc. grew its stake in shares of Borr Drilling by 5.0% in the third quarter. Vanguard Group Inc. now owns 1,462,278 shares of the company’s stock valued at $3,934,000 after buying an additional 69,044 shares in the last quarter. Baader Bank Aktiengesellschaft acquired a new position in shares of Borr Drilling in the third quarter valued at approximately $30,000. Finally, Compagnie Lombard Odier SCmA acquired a new position in Borr Drilling during the 3rd quarter worth approximately $40,000. Hedge funds and other institutional investors own 83.12% of the company’s stock.

Key Headlines Impacting Borr Drilling

Here are the key news stories impacting Borr Drilling this week:

• Positive Sentiment: Completed acquisition of five premium jack‑up rigs from Noble (purchase price disclosed at $360M, closed Jan 2026), expanding fleet scale and long‑term revenue capacity. Borr Drilling Q4 2025 Results (PR Newswire)
• Positive Sentiment: Very strong operational metrics and backlog: technical utilization ~98.8%, economic utilization ~97.8%, and 24 new contract commitments in 2025 representing ~5,000+ days and ~$649M of dayrate‑equivalent backlog — supports 2026 revenue visibility. Borr Drilling Q4 2025 Results (PR Newswire)
• Neutral Sentiment: Company hosted Q4 presentation/earnings call; full transcripts and slides are available for investors to review management’s guidance and Q&A. Q4 2025 Presentation (PR Newswire)
• Negative Sentiment: Q4 weakness: total operating revenues $259.4M (down vs prior quarter), Q4 net loss ~$1.0M and Adjusted EBITDA down ~22% QoQ; FY‑2025 net income and adjusted EBITDA both declined vs 2024 — results flagged as a sign of near‑term market softness. Borr Drilling Q4 2025 Results (PR Newswire)
• Negative Sentiment: Financing/dilution concerns: company completed a $165M 10.375% senior secured notes offering (due 2030) and an equity offering of 21M shares at $4.00 ($84M gross) to help fund the Noble deal — raises leverage and causes dilution, which likely pressured sentiment. Borr Drilling Q4 2025 Results (PR Newswire)
• Negative Sentiment: Market/sector context: press coverage and analyst commentary highlight market softness for jack‑up rigs and note other drillers’ results slipping into the red — a sector backdrop that amplifies reaction to Borr’s softer quarter. Borr shares fall as Q4 results reflect market softness (Investing.za) Global jack-up driller results slip (UpstreamOnline)

Wall Street Analyst Weigh In

A number of research firms have recently commented on BORR. Citigroup reiterated a “neutral” rating and issued a $6.00 price objective (up previously from $4.60) on shares of Borr Drilling in a report on Thursday, February 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Borr Drilling in a report on Wednesday, January 21st. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $4.20.

Borr Drilling Stock Down 0.6%

Shares of NYSE:BORR opened at $5.96 on Monday. Borr Drilling Limited has a 12-month low of $1.55 and a 12-month high of $6.07. The stock’s 50-day moving average price is $4.56 and its two-hundred day moving average price is $3.55. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 35.03 and a beta of 1.11. The company has a current ratio of 2.19, a quick ratio of 1.63 and a debt-to-equity ratio of 1.65.

Borr Drilling (NYSE:BORR) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.00 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.03. The company had revenue of $259.40 million during the quarter, compared to analysts’ expectations of $238.65 million. Borr Drilling had a net margin of 4.41% and a return on equity of 4.14%.

About Borr Drilling

Borr Drilling is an international offshore drilling contractor providing premium jack-up drilling services to the oil and gas industry. Established in 2016 and incorporated in Bermuda with headquarters in Hamilton, the company is listed on the New York Stock Exchange under the ticker symbol BORR. Borr Drilling focuses exclusively on the ownership and operation of mobile offshore jack-up rigs, catering to exploration and production drilling projects in both mature and emerging hydrocarbon regions.

The company’s core business activities encompass the long-term contracting of high-specification jack-up rigs suitable for shallow-to-intermediate water depths.