Veeva Systems to Replace Coterra Energy in S&P 500 on May 7
VEEV•Veeva Systems will replace Coterra Energy in the S&P 500 index prior to trading on May 7, 2026. The Health Care software company joins the benchmark following Coterra’s pending acquisition by Devon Energy Corp.
1. S&P 500 Inclusion Details
Veeva Systems will officially enter the S&P 500 index before the market opens on May 7, 2026, marking its first time in the benchmark. The addition follows the exit of Coterra Energy, with membership adjustments made to reflect market capitalization and sector representation.
2. Coterra Energy Removal
Coterra Energy will be removed ahead of the same open to make room for Veeva, triggered by its pending acquisition by Devon Energy Corp. The deal’s final closing conditions remain, but index rules require timely replacement once a constituent is set to depart.
3. Expected Investor Flows
Inclusion in the S&P 500 typically generates substantial passive inflows as index-tracking funds acquire newly added shares. Veeva’s shares may see increased demand from exchange-traded funds and institutional investors adjusting their portfolios.
4. Sector and Valuation Implications
As a Health Care software specialist, Veeva’s entry enhances the sector’s weight in the index, potentially attracting thematic investors. Analysts will watch for valuation repricing and comparative metrics versus peers following the rebalance.
