Borr Drilling (BORR) Director Troim Tor Olav Buys $7.4M of Stock

Troim Tor Olav, a director at Borr Drilling Limited (NYSE: BORR), bought 1.5 million shares on October 13, 2026, for an estimated total of $7.4 million. The shares were purchased at about $4.93 each, reflecting a notable investment in the company at a time when its stock is trading around $4.62.

Inside Troim Tor Olav's Trade

Olav's latest transaction signals confidence in Borr Drilling's future, adding significantly to his existing position. This buy follows previous transactions in October, where he also purchased 750,000 shares at $4.72 and another 500,000 shares at $4.60.

Other Institutional Activity in Borr Drilling Limited

As of the last reporting period on June 30, 2026, several institutional investors adjusted their positions in Borr Drilling. BlackRock Inc. reduced its stake by 1.9 million shares, ending with about 14.7 million shares valued at roughly $67.2 million. Shaw D.E. & Co., Inc. increased its holdings by 1 million shares to 7.2 million shares worth approximately $33.2 million. Sona Asset Management (US) LLC opened a new position by acquiring 3.0 million shares, resulting in total holdings of 6.1 million shares valued at about $27.7 million.

Borr Drilling Limited Stock Up 1.4%

Borr Drilling shares are currently trading near their 52-week low of $2.44, well below the 52-week high of $6.65. The stock closed at $4.46 the day before Olav's purchase, and the recent trading price suggests an opportunity for recovery. This trade comes as the company navigates a challenging market with a forward P/E ratio of 54.76, reflecting its current financial situation.

Recent Earnings

In its last earnings report, Borr Drilling posted a revenue of about $1.02 billion, but it experienced a decline in revenue growth of 13.2%. The next earnings report is scheduled for November 18, 2026, where more details on financial performance are expected.

Insider Buying and Selling at Borr Drilling Limited

In addition to Olav's recent buy, he also purchased 750,000 shares on October 14, 2026, for around $3.54 million. On the same day, Chief Operating Officer Snowling Harvey Edward sold 300,000 shares for about $1.47 million, but he also bought 300,000 shares for the same amount just a day earlier.

About Borr Drilling Limited

Borr Drilling Limited is an offshore drilling contractor that specializes in shallow-water drilling for the oil and gas industry. With operations spanning the Americas, Southeast Asia, and Europe, it owns and operates jack-up rigs which are crucial for exploration and production efforts in shallow waters. The company's recent stock activity reflects ongoing developments and investor sentiment in the energy sector.

Bottom Line

Investors should keep an eye on Borr Drilling's upcoming earnings report on November 18, which may provide insights into its financial health. Troim Tor Olav's buy signals his belief in the company's potential, but with recent revenue challenges, the firm is navigating a complex market. This insider trading event is part of a broader picture that includes ongoing institutional adjustments as seen in recent filings.