$OXY The Analyst Mizuho’s Paul Sankey upgraded Occidental Petroleum from Neutral to Buy, while raising the price target from $44 to $58. The Thesis Occidental Petroleum’s stock came under significant pressure last year following the acquisition of Anadarko Petroleum Corporation (NYSE: APC) and associated financial burden, Sankey said in the upgrade note. The company seems poised to resume generating a sustainable breakeven of $40 per barrel in 2021 and could begin growing its dividend by 5%-6% annually in 2022, the analyst mentioned.