Sitio Royalties (STR)

• Market cap: $1.49B
• 1 day: -0.64%
• 5 days: -11.51%
• 1 month: -24.03%
• 3 months: -13.87%
• 6 months: -16.67%
• Year to date: -20.65%
• 1 year: -16.48%
• 5 years: -37.81%
• 10 years: -37.81%
• Sector: Energy
• Industry: Crude Petroleum & Natural Gas

About: Sitio Royalties Corp is a pure-play mineral and royalty company. The group focuses on investing in mineral and royalty interests in the Permian and other productive U.S. oil basins.

Employees: 62

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

449% more call options, than puts

Call options by funds: $6.23M | Put options by funds: $1.13M

29% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 28

4% more funds holding

Funds holding: 202 [Q2] → 210 (+8) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 5 [Q2] → 5 (+0) [Q3]

5% less repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 76

4.44% less ownership

Funds ownership: 153.45% [Q2] → 149.01% (-4.44%) [Q3]

14% less capital invested

Capital invested by funds: $2.92B [Q2] → $2.5B (-$420M) [Q3]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $28 49% upside
• Avg. target: $29 52% upside
• High target: $29 55% upside

2 analyst ratings

• positive: 2 100%
• neutral: 0 0%
• negative: 0 0%

Piper Sandler Mark Lear 33% 1-year accuracy 53 / 163 met price target	49% upside $28	Overweight Maintained	18 Nov 2024
Truist Securities Neal Dingmann 34% 1-year accuracy 47 / 140 met price target	55% upside $29	Buy Maintained	30 Sept 2024