XCF Global Capital (NASDAQ:SAFX) Announces Quarterly Earnings Results

XCF Global Capital (NASDAQ:SAFX) released its earnings results on Monday. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01, Zacks reports. The company had revenue of $0.69 million for the quarter. XCF Global Capital had a negative return on equity of 588.22% and a net margin of 300.85%.

XCF Global Capital Stock Down 1.7%

SAFX opened at $0.43 on Tuesday. The company’s 50-day moving average price is $0.43 and its 200 day moving average price is $0.38. XCF Global Capital has a fifty-two week low of $0.12 and a fifty-two week high of $1.55. The firm has a market cap of $144.53 million, a price-to-earnings ratio of -0.64 and a beta of -0.30.

Hedge Funds Weigh In On XCF Global Capital

Several institutional investors have recently made changes to their positions in SAFX. Polar Asset Management Partners Inc. lifted its holdings in shares of XCF Global Capital by 51.0% in the 4th quarter. Polar Asset Management Partners Inc. now owns 2,131,109 shares of the company’s stock worth $582,000 after purchasing an additional 720,000 shares during the last quarter. Geode Capital Management LLC grew its stake in XCF Global Capital by 20.5% during 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. Jane Street Group LLC acquired a new stake in XCF Global Capital in the fourth quarter worth $42,000. Deutsche Bank AG increased its position in XCF Global Capital by 315.7% in the fourth 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 period. Finally, Goldman Sachs Group Inc. lifted its stake in XCF Global Capital by 379.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 120,789 shares of the company’s stock valued at $33,000 after buying an additional 95,596 shares during the last quarter. 52.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SAFX shares. Wall Street Zen upgraded XCF Global Capital from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. HC Wainwright assumed coverage on XCF Global Capital in a research note on Tuesday, June 23rd. They set a “buy” rating and a $1.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of XCF Global Capital in a report on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, XCF Global Capital currently has an average rating of “Hold” and an average target price of $0.70.

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.