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

Goldman Sachs downgrades Occidental Petroleum to Sell, citing focus on balance sheet improvements over capital returns.

Occidental Petroleum (NYSE:OXY – Get Free Report) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday. Other research analysts have also recently issued reports about the company.

In a report released today, Betty Jiang from Barclays maintained a Hold rating on Occidental Petroleum (OXY – Research Report), with a price

Goldman Sachs' new sell rating and lowered price target reflect a cautious outlook on Occidental Petroleum (NYSE:OXY)'s ability to deliver shareholder value in a stable oil price environment, where return of capital is increasingly important for investor consideration.