10 Best Stocks to Buy According to Howard Marks’ Oaktree Capital Management

4. Sitio Royalties Corp. (NYSE:STR)

Oaktree Capital Management’s Q4 Stake: $248 million

Number of Hedge Fund Holders: 29

Sitio Royalties Corp. (NYSE:STR) is an energy company that acquires, owns, and manages mineral and royalty interests in prime basins around the United States. The company’s portfolio includes mineral and royalty holdings in West Texas’ Permian Basin.

Sitio Royalties Corp.’s (NYSE:STR) Q4 earnings report revealed mixed results, with the company posting earnings per share of $0.09, which fell short of the expected $0.1217. That said, revenue spiked to $155.09 million, crossing the expected $147.5 million.

Since going public in 2022, Sitio Royalties Corp.’s (NYSE:STR) total return of capital to shareholders has topped $840 million, including cash dividends and share repurchases, with 2024 accounting for more than $330 million. Moreover, Sitio declared a cash dividend of $0.41 per share of Common Stock for the fourth quarter of 2024. The dividend will be paid on March 28, 2025 to shareholders of record at the close of business on March 14, 2025.