XCF Global Capital (NASDAQ:SAFX) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

XCF Global Capital (NASDAQ:SAFX) posted its quarterly earnings results on Friday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.02), Zacks reports. The firm had revenue of $0.35 million for the quarter.

XCF Global Capital Stock Performance

NASDAQ:SAFX opened at $0.42 on Friday. The company’s fifty day moving average is $0.43. The company has a market cap of $114.89 million, a price-to-earnings ratio of -0.68 and a beta of -0.43. XCF Global Capital has a 52-week low of $0.12 and a 52-week high of $45.90.

Analysts Set New Price Targets

SAFX has been the topic of several research reports. Roth Mkm reissued a “neutral” rating on shares of XCF Global Capital in a research report on Monday, April 13th. Zacks Research raised shares of XCF Global Capital to a “hold” rating in a research report on Thursday, March 19th. Wall Street Zen upgraded XCF Global Capital to a “hold” rating in a research note on Saturday, April 11th. Finally, Weiss Ratings upgraded XCF Global Capital from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $0.40.

Insiders Place Their Bets

In other XCF Global Capital news, major shareholder Randy Soule sold 9,000,000 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $0.34, for a total value of $3,060,000.00. Following the transaction, the insider directly owned 63,805,455 shares in the company, valued at $21,693,854.70. This represents a 12.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On XCF Global Capital

Institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its stake in XCF Global Capital by 379.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 120,789 shares of the company’s stock worth $33,000 after acquiring an additional 95,596 shares during the last quarter. Jane Street Group LLC bought a new position in shares of XCF Global Capital in the 4th quarter worth $42,000. Deutsche Bank AG increased its holdings in shares of XCF Global Capital by 315.7% in the 4th quarter. Deutsche Bank AG now owns 199,524 shares of the company’s stock worth $54,000 after buying an additional 151,529 shares during the last quarter. State Street Corp increased its holdings in shares of XCF Global Capital by 37.3% in the 4th quarter. State Street Corp now owns 256,448 shares of the company’s stock worth $70,000 after buying an additional 69,698 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of XCF Global Capital by 20.5% in the 4th quarter. Geode Capital Management LLC now owns 1,174,455 shares of the company’s stock worth $321,000 after buying an additional 200,147 shares during the last quarter. 52.34% of the stock is currently owned by institutional investors.

About XCF Global Capital

XCF Global Capital Inc is a player in decarbonizing the aviation industry through Sustainable Aviation Fuel. XCF Global Capital Inc, formerly known as Focus Impact BH3 Acquisition Company, is based in RENO, NV.