Sitio Royalties Corp. (NYSE: STR) stock fell -2.47% on Monday to $22.15 against a previous-day closing price of $22.71. With 0.61 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.53 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $22.38 whereas the lowest price it dropped to was $22.02. The 52-week range on STR shows that it touched its highest point at $33.65 and its lowest point at $19.31 during that stretch. It currently has a 1-year price target of $32.60. With its current market cap of 3.58 billion, STR has annualized dividend of $1.96 while the current yield stands at 8.85%. Beta for the stock currently stands at 1.63.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of STR was down-trending over the past week, with a drop of -3.23%, but this was down by -10.32% over a month. Three-month performance dropped to -8.28% while six-month performance fell -15.78%. The stock lost -30.69% in the past year, while it has lost -23.22% so far this year. A look at the trailing 12-month EPS for STR yields 0.28 with Next year EPS estimates of 1.29. For the next quarter, that number is 0.38. This implies an EPS growth rate of -1.10% for this year and 19.80% for next year. EPS is expected to decline by -6.64% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 40.90%.
Float and Shares Shorts:
At present, 81.71 million STR shares are outstanding with a float of 80.56 million shares on hand for trading. On Oct 30, 2023, short shares totaled 6.29 million, which was 7.69% higher than short shares on Sep 28, 2023. In addition to Mr. Christopher L. Conoscenti as the firm’s CEO & Director, Ms. Carrie L. Osicka serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 125.81% of STR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 46.61% of STR, in contrast to 37.76% held by mutual funds. Shares owned by individuals account for 1.11%. As the largest shareholder in STR with 11.01% of the stake, Fidelity Management & Research Co holds 8,992,288 shares worth 8,992,288. A second-largest stockholder of STR, The Vanguard Group, Inc., holds 7,734,089 shares, controlling over 9.47% of the firm’s shares. Neuberger Berman Investment Advis is the third largest shareholder in STR, holding 5,660,985 shares or 6.93% stake. With a 4.66% stake in STR, the Neuberger Berman Genesis Fund is the largest stakeholder. A total of 3,808,864 shares are owned by the mutual fund manager. The Fidelity Small Cap Value Fund, which owns about 4.34% of STR stock, is the second-largest Mutual Fund holder. It holds 3,546,403 shares valued at 87.67 million. Vanguard Total Stock Market ETF holds 3.14% of the stake in STR, owning 2,565,163 shares worth 63.41 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for STR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With STR analysts setting a high price target of $34.00 and a low target of $31.00, the average target price over the next 12 months is $32.60. Based on these targets, STR could surge 53.5% to reach the target high and rise by 39.95% to reach the target low. Reaching the average price target will result in a growth of 47.18% from current levels.
Summary of Insider Activity:
Insiders traded STR stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 31 while that of sell transactions has risen to 13 over the past year. The total number of shares bought during that period was 606,912 while 175,522 shares were sold.
