Veeva Systems Set to Join S&P 500

Veeva Systems (NYSE:VEEV) will be added to the S&P 500 and will replace Coterra Energy (NYSE:CTRA) effective before the opening of trading on May 7, 2026.

Rhea-AI Summary

Veeva Systems (NYSE:VEEV) will be added to the S&P 500 and will replace Coterra Energy (NYSE:CTRA) effective before the opening of trading on May 7, 2026. Devon Energy (NYSE:DVN) is acquiring Coterra in a transaction expected to close soon, pending final closing conditions.

Positive

• Veeva Systems (VEEV) will join the S&P 500 effective May 7, 2026
• Addition to S&P 500 provides passive-index inclusion for Veeva

Negative

• Coterra Energy (CTRA) will be removed from the S&P 500 effective May 7, 2026
• Coterra acquisition by Devon (DVN) remains subject to final closing conditions

Argus May 1 session

-1.48% close to close Open Argus

Details

News Market Reaction – CTRA

In the May 1 session, CTRA declined 1.48%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement formalizes that Coterra will be removed from the S&P 500 on May 7, 2026 as Devon’s...

Analysis

This announcement formalizes that Coterra will be removed from the S&P 500 on May 7, 2026 as Devon’s acquisition approaches closing. The change is mechanical and follows months of merger-related filings outlining the all-stock combination and expected timetable. Investors may focus on how the Devon exchange ratio compares with CTRA’s pre-announcement trading near its 52-week high, as well as the impact of index removal on liquidity and the eventual transition to holding Devon shares instead of Coterra.

Key Figures

S&P 500 change date: May 7, 2026

S&P 500 change date

May 7, 2026

Effective date for CTRA deletion and VEEV addition to S&P 500

Historical Context

5 past events · Latest: Feb 26

5 events

1. Feb 26

   Earnings and guidance

   24h Move

   +1.9%

   Strong 2025 results, 2026 guidance, dividend, and Devon stock-for-stock merger.

2. Feb 02

   Merger commentary

   24h Move

   +4.1%

   Kimmeridge public comments on proposed Devon–Coterra merger structure and terms.

3. Jan 29

   Earnings call scheduling

   24h Move

   +2.8%

   Announcement of timing for Q4 and full-year 2025 results and conference call.

4. Jan 05

   Conference participation

   24h Move

   -2.9%

   CFO participation at a Goldman Sachs energy conference and webcast availability.

5. Nov 04

   Activist governance letter

   24h Move

   +6.0%

   Shareholder letter criticizing governance, strategy, and reserve write-downs post-merger.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

s&p 500, gics sector

2 terms

s&p 500 financial

"Veeva Systems Inc. (NYSE: VEEV) will replace Coterra Energy Inc. (NYSE: CTRA) in the S&P 500 effective prior"

The S&P 500 is a broad stock market index that tracks the performance of 500 large U.S. companies, weighted so bigger firms have a larger impact. Investors use it like a thermometer or benchmark to judge how the overall U.S. stock market or a portfolio is doing; movements in the index influence investor sentiment, fund performance, and many passive investment products that aim to match its returns.

View in glossary

gics sector financial

"Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector"

GICS sector is one of the major industry groupings from the Global Industry Classification Standard, a system that sorts companies into consistent categories (like Technology or Health Care) based on the primary business they do. Investors use these sectors like folders in a filing cabinet to compare companies, build diversified portfolios, and track how whole parts of the market are performing rather than focusing on single stocks.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

NEW YORK, April 30, 2026 /PRNewswire/ -- Veeva Systems Inc. (NYSE: VEEV) will replace Coterra Energy Inc. (NYSE: CTRA) in the S&P 500 effective prior to the opening of trading on Thursday, May 7. S&P 500 constituent Devon Energy Corp. (NYSE: DVN) is acquiring Coterra Energy in a deal expected to close soon, pending final closing conditions.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date	Index Name		Action	Company Name	Ticker	GICS Sector
May 7, 2026	S&P 500	Addition		Veeva Systems	VEEV	Health Care
May 7, 2026	S&P 500	Deletion		Coterra Energy	CTRA	Energy

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/. 

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com 

Media Inquiries
spdji.comms@spglobal.com 

View original content:https://www.prnewswire.com/news-releases/veeva-systems-set-to-join-sp-500-302759590.html

SOURCE S&P Dow Jones Indices

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When will Veeva Systems (VEEV) be added to the S&P 500?

Veeva Systems (VEEV) will be added to the S&P 500 effective before market open on May 7, 2026. According to Veeva Systems, the change replaces Coterra Energy (CTRA) in the index and takes effect prior to the opening of trading that day.

Which company is VEEV replacing in the S&P 500 on May 7, 2026?

VEEV is replacing Coterra Energy (CTRA) in the S&P 500 effective May 7, 2026. According to Veeva Systems, the replacement follows corporate actions tied to Coterra and Devon Energy (DVN).

How does the Devon Energy (DVN) deal affect Coterra's S&P 500 status?

Devon Energy's (DVN) acquisition of Coterra is expected to close soon and is cited as the reason for Coterra's S&P 500 removal. According to Veeva Systems, the transaction remains subject to final closing conditions.

Will the S&P 500 change for VEEV take place during trading hours on May 7, 2026?

The index change will occur prior to the opening of trading on May 7, 2026. According to Veeva Systems, additions and deletions will be effective before the market opens that day.

What tickers and sectors are involved in the May 7, 2026 S&P 500 update?

The May 7, 2026 update adds VEEV (Health Care) and deletes CTRA (Energy). According to Veeva Systems, these are the listed ticker and GICS sector entries for the change.