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Sitio Royalties
STR

$24.95
1.19%

Market Cap: 2.01B

 

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

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 9 analysts
News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

451% more call options, than puts

Call options by funds: $8.28M | Put options by funds: $1.5M

105% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 19

14% more repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 65

11% more funds holding

Funds holding: 188 [Q4 2023] → 208 (+20) [Q1 2024]

6% more capital invested

Capital invested by funds: $2.87B [Q4 2023] → $3.04B (+$170M) [Q1 2024]

1.07% more ownership

Funds ownership: 149.47% [Q4 2023] → 150.54% (+1.07%) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 9 [Q4 2023] → 9 (+0) [Q1 2024]

Research analyst outlook

9 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$26
4%
upside
Avg. target
$28
14%
upside
High target
$32
28%
upside

9 analyst ratings

positive
78%
neutral
0%
negative
22%
Barclays
Betty Jiang
8%upside
$27
Underweight
Maintained
9 May 2024
Keybanc
Tim Rezvan
16%upside
$29
Overweight
Maintained
22 Apr 2024
Piper Sandler
Mark Lear
12%upside
$28
Overweight
Maintained
19 Apr 2024
Barclays
Betty Jiang
4%upside
$26
Underweight
Initiated
10 Apr 2024
Truist Securities
Neal Dingmann
28%upside
$32
Buy
Maintained
5 Apr 2024

Financial journalist opinion