Sitio Royalties
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 Q2 SEC filings by fund managers ($100M+ AUM)
152% more call options, than puts
Call options by funds: $5.46M | Put options by funds: $2.17M
30% more repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 61
0.57% more ownership
Funds ownership: 151.66% [Q1] → 152.23% (+0.57%) [Q2]
5% less funds holding
Funds holding: 212 [Q1] → 202 (-10) [Q2]
5% less capital invested
Capital invested by funds: $3.07B [Q1] → $2.9B (-$168M) [Q2]
26% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 39
44% less funds holding in top 10
Funds holding in top 10: 9 [Q1] → 5 (-4) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Piper Sandler Mark Lear 32% 1-year accuracy 21 / 65 met price target | 19%upside $27 | Overweight Maintained | 15 Oct 2024 |
Truist Securities Neal Dingmann 52% 1-year accuracy 57 / 110 met price target | 28%upside $29 | Buy Maintained | 30 Sept 2024 |
Stephens & Co. Mike Scialla 31% 1-year accuracy 4 / 13 met price target | 41%upside $32 | Overweight Initiated | 4 Sept 2024 |
Piper Sandler Mark Lear 32% 1-year accuracy 21 / 65 met price target | 28%upside $29 | Overweight Maintained | 15 Aug 2024 |
Keybanc Tim Rezvan 50% 1-year accuracy 13 / 26 met price target | 19%upside $27 | Overweight Maintained | 12 Aug 2024 |
Financial journalist opinion
Based on 3 articles about STR published over the past 30 days
