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XTO Energy Shares Fall as Oil Prices Slide

Shares of oil and gas producer XTO Energyfell Thursday as the price of oil declined.

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The Fort Worth, Texas, company's stock fell more than 5 percent. Shares are flirting with a 52-week low of $42.48.

On the New York Mercantile Exchange, light, sweet crude for November delivery fell almost 4 percent on worries that demand for crude will erode further and as the dollar strengthened against the euro.

Meanwhile, Jefferies & Co. analyst Subash Chandra kept a "Buy" rating and $85 price target on XTO Energy Thursday, saying the company has "substantial future growth potential."

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