Hamm buys $11 million more shares in company stock

Photo of Harold Hamm

 

Billionaire oilman Harold Hamm, founder of Oklahoma City-based Continental Resources obviously likes his company so well that last week he bought more than $11 million in company stock.

The former President and CEO, reported to have a net worth of $10.7 billion as of August 17, 2021 bought 250,000 shares in the company on Dec. 1 and 2, 2021.

He paid a high of $45.42 and a low of $41.32 in 7 separate purchases according to a company filing with the Securities and Exchange Commission.

Hamm is reported to be the 224th richest person in the United States. He founded Continental Resources in 1967 and remains as Chairman of the Board of Directors.

When he stepped down as chief executive of the company in December 2019 to become the executive chairman, Hamm owned a reported 77% of Continental and said in a state his “long history of buying, not selling” shares “will not change.”

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