Occidental Petroleum (OXY) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

Goldman Sachs analyst Neil Mehta downgraded Occidental Petroleum (OXY – Research Report) to a Sell today and set a price target of $45.00. The

Occidental Petroleum (NYSE:OXY) -4.2% in Friday's trading to its lowest in more than a month as Goldman Sachs downgrades to Sell from Neutral with a $45 price target, cut from $54, citing the company's paused focus on capital returns to shareholders until significant balance sheet improvements are realized.