Sitio Royalties Volume Soars 983 to 323rd Rank as Merger with Viper Nears Closing

On August 18, 2025, Sitio Royalties (STR) recorded a trading volume of $290 million, surging 983.06% from the previous day, ranking it 323rd in market activity. The stock closed down 0.98% amid merger-related developments.

Shareholders of Sitio Royalties Corp. approved the previously announced merger with Viper Energy, Inc., set to close on August 19, 2025. Under the terms, Sitio Class A shareholders will exchange their shares for 0.4855 Class A shares of New Viper, while Opco unitholders will receive equivalent units and Class B shares. Class C shares will be canceled without compensation. Trading of Sitio Class A stock will halt on the NYSE before market open on the closing date.

The merger consolidates Sitio’s oil and gas royalty assets with Viper’s operations, aiming to enhance shareholder returns through expanded resource control and operational efficiency. The transaction, which has navigated regulatory approvals, reflects strategic alignment in energy sector consolidation amid evolving market dynamics.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day from 2022 to 2025 yielded a compound annual growth rate of 6.98%, with a peak drawdown of 15.46% recorded during the backtest period. While demonstrating steady growth, the strategy faced a notable decline in mid-2023, underscoring the risks inherent in high-volume trading approaches.