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Wednesday, September 27, 2023

Sitio Royalties Corp. (NYSE: STR) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Sitio Royalties Corp. (STR) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.22, or -0.85%, to $25.63. The Sitio Royalties Corp. has recorded 15,437 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Sitio Royalties Reports Second Quarter 2023 Operational and Financial Results.

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Stocks Info

Sitio Royalties Corp. is listed on the NYSE as a member of the Energy sector and is a part of the Oil & Gas E&P industry. At the end of the last regular session, the stock closed at $25.85 and fluctuated between $25.98 as its day high and $25.43 as its day low. The current market capitalization of Sitio Royalties Corp. is $3.99B. A total of 0.44 million shares were traded on the day, compared to an average of 574.33K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, STR has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 2,015 shares. Over the last 12 months, there were 29 BUYs and 9 SELLs from insiders. Insiders purchased 559,395 shares during that period but sold 107,143.

In the most recent transaction, Conoscenti Christopher L. bought 2,500 shares of STR for 20.19 per share on Mar 17. After the transaction, the Chief Executive Officer now owns 174,601 company shares. In a previous transaction on Mar 14, Conoscenti Christopher L. bought 5,000 shares at 21.84 per share. STR shares that Chief Executive Officer owns now total 172,101.

Among the insiders who bought shares, Conoscenti Christopher L. acquired of 5,000 shares on Mar 13 at a per-share price of $22.40. This resulted in the Chief Executive Officer holding 167,101 shares of STR after the transaction.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Sitio Royalties Corp. pays an annual dividend of $1.60, resulting in a dividend yield of 6.19%, and it has a price to earnings (P/E) ratio of 26.49. STR’s most recent ex-dividend date was 8/17/2023 when it declared a $0.40 quarterly dividend that was paid in cash on 8/31/2023. Previously, the company paid the dividend on 5/31/2023 with an ex-dividend date of 5/18/2023. The STR stock dividend was $0.50 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for STR in the last 3 months, the mean price target is $32.60 with high estimates of $34.00 and low estimates of $31.00. In terms of 52-week highs and lows, STR has a high of $33.65 and a low of $19.31.

As of this writing, STR has an earnings estimate of $0.23 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.35 per share and a lower estimate of $0.11. The company reported an EPS of $0.28 in the last quarter, which was 27.30% higher than expectations of $0.22.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. STR’s latest balance sheet shows that the firm has $12.38M in Cash & Short Term Investments as of fiscal 2021. There were $134.00M in debt and $4.58M in liabilities at the time. Its Book Value Per Share was $21.05, while its Total Shareholder’s Equity was $1.06B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for STR is Buy with a score of 5.00.

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