After trading slightly higher after news of the judgment came out, Continental shares traded lower, falling 1 percent to $54.58 per share around 3 p.m. in New York.
Analysts who cover the company said the divorce judgment may come as a relief to some of Continental's other shareholders, who had worried that a multi-billion dollar award could force Hamm to sell a major chunk of the company quickly, potentially depressing the value of the shares or eroding his control of the firm.
"With this rather small settlement, it just removes some of the uncertainty," said Mike Breard, analyst with Hodges Capital Management in Dallas. "And there's already enough uncertainty around energy stocks right now with the oil price drop."
Continental did not immediately respond to a request for comment.