Sitio Royalties Announces Merger with Viper Energy

The latest announcement is out from Sitio Royalties ( (STR) ).

On June 2, 2025, Sitio Royalties Corp. and Viper Energy, Inc. entered into a merger agreement where Viper will acquire Sitio in an all-equity transaction. The merger will result in Sitio becoming a wholly owned subsidiary of a new entity, New Cobra Pubco, Inc., which will operate under the name Viper Energy, Inc. Post-merger, Sitio stockholders will own approximately 20% of the new entity, while Viper stockholders will own about 80%. The merger is subject to customary closing conditions, including stockholder approvals and regulatory clearances. Sitio’s Board of Directors has unanimously approved the merger, deeming it fair and in the best interests of its stockholders.

The most recent analyst rating on (STR) stock is a Buy with a $28.00 price target. To see the full list of analyst forecasts on Sitio Royalties stock, see the STR Stock Forecast page.

Spark’s Take on STR Stock

According to Spark, TipRanks’ AI Analyst, STR is a Neutral.

Sitio Royalties’ overall stock score is driven by strong earnings results and positive corporate events like the merger announcement. However, financial performance is hindered by high leverage and negative equity. Technical indicators suggest a bearish sentiment, while valuation metrics indicate potential overvaluation, though the high dividend yield is a positive factor.

To see Spark’s full report on STR stock, click here.

More about Sitio Royalties

Sitio Royalties Corp. operates in the energy sector, focusing on the acquisition and management of oil and gas royalties.

Average Trading Volume: 772,237

Technical Sentiment Signal: Sell

Current Market Cap: $2.61B

For detailed information about STR stock, go to TipRanks’ Stock Analysis page.