Santos Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

ASX:STO Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
10 Mar 25	BuyAU$99,796	Keith Spence	Individual	16,480	AU$6.06
10 Mar 25	BuyAU$72,960	Vickki McFadden	Individual	12,000	AU$6.08
21 Feb 25	BuyAU$200,004	Keith Spence	Individual	29,720	AU$6.73
20 Feb 25	BuyAU$199,773	John Lydon	Individual	29,684	AU$6.73
20 Feb 25	BuyAU$157,920	Vickki McFadden	Individual	24,000	AU$6.58
20 Feb 25	BuyAU$96,904	Musje Werror	Individual	14,727	AU$6.58
06 Sep 24	BuyAU$140,600	Michael Utsler	Individual	20,000	AU$7.03
23 Aug 24	BuyAU$199,778	John Lydon	Individual	26,997	AU$7.40
22 Aug 24	BuyAU$100,838	Musje Werror	Individual	13,500	AU$7.47
06 Aug 24	BuyAU$304,960,720	The Vanguard Group, Inc.	Company	37,767,545	AU$8.09
06 Aug 24	SellAU$62,275,279	The Vanguard Group, Inc.	Company	7,802,835	AU$7.99
02 May 24	BuyAU$273,792	John Lydon	Individual	36,800	AU$7.44

Insider Trading Volume

Insider Buying: STO insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of STO?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	3,577,531	0.11%
Private Companies	6,347,630	0.196%
Institutions	1,047,897,690	32.3%
General Public	2,182,362,600	67.4%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 29.39% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
6.16%	State Street Global Advisors, Inc.	199,610,157	AU$1.2b	0%	0.03%
5.12%	The Vanguard Group, Inc.	165,774,815	AU$1.0b	-15.2%	0.01%
4.01%	BlackRock, Inc.	129,770,516	AU$805.9m	0.24%	0.01%
2.54%	Pendal Group Limited	82,337,248	AU$511.3m	0%	10.84%
2.1%	Dimensional Fund Advisors LP	67,960,982	AU$422.0m	1.1%	0.04%
1.33%	Perpetual Limited	43,111,197	AU$267.7m	0%	2.64%
0.97%	JP Morgan Asset Management	31,333,737	AU$194.6m	0.21%	0.01%
0.91%	Argo Investments Limited	29,512,995	AU$183.3m	2.1%	2.49%
0.76%	Thompson, Siegel & Walmsley LLC	24,600,659	AU$152.8m	0%	1.08%
0.73%	Geode Capital Management, LLC	23,659,873	AU$146.9m	3.95%	0.01%
0.6%	Milford Asset Management, LTD	19,552,289	AU$121.4m	0%	1.4%
0.54%	Netwealth Investments Ltd.	17,351,576	AU$107.8m	66.5%	0.75%
0.5%	Columbia Management Investment Advisers, LLC	16,324,965	AU$101.4m	0%	0.01%
0.42%	BetaShares Capital Limited	13,565,964	AU$84.2m	2.91%	0.28%
0.35%	Charles Schwab Investment Management, Inc.	11,412,209	AU$70.9m	0.2%	0.01%
0.31%	Transamerica Asset Management, Inc.	10,094,244	AU$62.7m	0.71%	0.23%
0.3%	Australian Foundation Investment Company Limited	9,589,773	AU$59.6m	-31.1%	0.67%
0.29%	Van Eck Associates Corporation	9,466,109	AU$58.8m	1.13%	0.04%
0.26%	Northern Trust Global Investments	8,512,056	AU$52.9m	-2.6%	no data
0.25%	Fidelity International Ltd	8,245,824	AU$51.2m	6.33%	0.01%
0.2%	UBS Asset Management AG	6,629,551	AU$41.2m	-17%	no data
0.2%	Wilson Asset Management (International) Pty Ltd.	6,626,522	AU$41.2m	0%	0.86%
0.2%	CPU Share Plans Pty Limited	6,347,630	AU$39.4m	-20.6%	no data
0.19%	Strategic Advisers LLC	6,071,215	AU$37.7m	-24.9%	0.01%
0.15%	Ninety One UK Limited	4,955,212	AU$30.8m	0%	0.03%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/03/14 08:34
End of Day Share Price	2025/03/14 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Santos Limited is covered by 28 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Dale Koenders	Barrenjoey Markets Pty Limited
Rob Crookston	Bell Potter
Matt Chalmers	BofA Global Research