ExxonMobil (XOM) Lawsuit Against Activist Dismissed by US Judge

Group 1 - Exxon Mobil Corporation (XOM) faced a setback as a federal judge dismissed its lawsuit against activist investor Arjuna Capital, which sought to prevent a shareholder proposal for significant reductions in greenhouse gas emissions [1][2] - The judge ruled the case moot after Arjuna Capital withdrew its proposal and promised not to submit similar proposals in the future, highlighting the need for a live case to establish jurisdiction [1][2] - The lawsuit was part of a broader movement by investors pushing for more aggressive corporate action on climate change, indicating ongoing challenges for the oil industry in responding to shareholder activism [3] Group 2 - ExxonMobil's current Zacks Rank is 3 (Hold), indicating a neutral outlook [4] - Other energy sector stocks with better rankings include Archrock Inc. (AROC), Sunoco LP (SUN), and Matador Resources Company (MTDR), all currently holding a Zacks Rank of 1 (Strong Buy) [4] - Archrock focuses on midstream natural gas compression services, with 2024 and 2025 EPS estimates of $1.07 and $1.23, respectively [4] - Sunoco is a leading wholesale motor fuel distributor with a distribution network across 40 states, with 2024 and 2025 earnings per unit estimates of $7.29 and $7.17, respectively [5] - Matador Resources operates primarily in the Delaware Basin, with 2024 and 2025 EPS estimates of $7.89 and $9.36, respectively [6]