Occidental Petroleum slides as crude oil plunges on easing Strait of Hormuz disruption fears

Occidental Petroleum (OXY) is down 7.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a sharp drop in crude oil prices after signals that shipping through the Strait of Hormuz is fully open again, reducing the geopolitical “risk premium” that had recently supported energy equities. With oil selling off hard, integrated and E&P-linked names like OXY often fall in tandem as traders quickly reprice expected near-term cash flows.

Details:

Crude oil fell by more than 10% after Iran indicated the Strait of Hormuz was open for commercial transit, a major shift for global supply-risk expectations.

Equity markets broadly moved “risk-on” as energy prices sank, which typically pressures oil producers even when the broader indexes rise.

OXY’s share price is highly sensitive to oil-price moves because upstream earnings and free cash flow tend to strengthen when crude rises and weaken when crude falls.

Separately, softer macro/demand expectations have been in focus, which can amplify downside when oil prices quickly reverse.

Sources:

Associated Press, Axios, International Energy Agency

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$OXY Insider Trading Activity

$OXY insiders have traded $OXY stock on the open market 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $OXY stock by insiders over the last 6 months:

WILLIAM R KLESSE purchased 5,000 shares for an estimated $194,899

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$OXY Hedge Fund Activity

We have seen 452 institutional investors add shares of $OXY stock to their portfolio, and 605 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

PACER ADVISORS, INC. removed 6,992,961 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $287,550,556
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 6,304,362 shares (-61.4%) from their portfolio in Q4 2025, for an estimated $259,235,365
CITADEL ADVISORS LLC added 2,370,522 shares (+1039.8%) to their portfolio in Q4 2025, for an estimated $97,475,864
HIGHTOWER ADVISORS, LLC removed 2,189,513 shares (-85.1%) from their portfolio in Q4 2025, for an estimated $90,032,774
AMERICAN CENTURY COMPANIES INC removed 2,157,452 shares (-55.2%) from their portfolio in Q4 2025, for an estimated $88,714,426
SUSQUEHANNA INTERNATIONAL GROUP, LLP added 1,955,856 shares (+134.3%) to their portfolio in Q4 2025, for an estimated $80,424,798
DIMENSIONAL FUND ADVISORS LP added 1,883,721 shares (+21.6%) to their portfolio in Q4 2025, for an estimated $77,458,607

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$OXY Congressional Stock Trading

Members of Congress have traded $OXY stock 3 times in the past 6 months. Of those trades, 2 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $OXY stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 1 purchase worth up to $15,000 on 02/10 and 1 sale worth up to $15,000 on 11/12.
REPRESENTATIVE MARJORIE TAYLOR GREENE purchased up to $15,000 on 10/24.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$OXY Analyst Ratings

Wall Street analysts have issued reports on $OXY in the last several months. We have seen 1 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Susquehanna issued a "Positive" rating on 11/13/2025
Wells Fargo issued a "Underweight" rating on 11/12/2025

To track analyst ratings and price targets for $OXY, check out Quiver Quantitative's $OXY forecast page.

$OXY Price Targets

Multiple analysts have issued price targets for $OXY recently. We have seen 14 analysts offer price targets for $OXY in the last 6 months, with a median target of $64.0.

Here are some recent targets:

Josh Silverstein from UBS set a target price of $67.0 on 04/13/2026
Sam Margolin from Wells Fargo set a target price of $72.0 on 04/09/2026
Scott Gruber from Citigroup set a target price of $67.0 on 03/30/2026
Gabe Daoud from Truist Securities set a target price of $65.0 on 03/24/2026
Samantha Hoh from HSBC set a target price of $68.0 on 03/20/2026
Arun Jayaram from JP Morgan set a target price of $63.0 on 03/20/2026
Nitin Kumar from Mizuho set a target price of $72.0 on 03/17/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.