Weekly Top Insider Buys: APC, WMB, VNO, MHP, LNC

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Aug 20, 2012
According to GuruFocus Insider Data, these are the largest insider buys during the past week: Anadarko Petroleum Corporation (APC, Financial), William Companies Inc. (WMB, Financial), Vornado Realty Trust (VNO, Financial), The McGraw-Hill Companies Inc. (MHP, Financial) and Lincoln National Corporation (LNC, Financial).


The overall trend of insiders is illustrated in the chart below:


Anadarko Petroleum Corporation (APC): Director Richard L. George Bought 6,000 Shares



Director of Anadarko Petroleum Corporation, Richard L. George, bought 6,000 shares on 8/14/2012 at an average price of $70.3. Anadarko Petroleum Corporation is one of the world's largest independent oil and gas exploration and production companies. Anadarko Petroleum Corporation has a market cap of $34.81 billion; its shares were traded at around $70.3 with a P/E ratio of 21.3 and P/S ratio of 2.5. The dividend yield of Anadarko Petroleum Corporation stocks is 0.5%. Anadarko Petroleum Corporation had an annual average earnings growth of 2% over the past 10 years.


On July 30, Anadarko Petroleum Corporation announced a second-quarter 2012 net loss attributable to common stockholders of $380 million, or $0.76 per share (diluted). These results include certain items typically excluded by the investment community in published estimates. In total, these items decreased net income by approximately $804 million, or $1.61 per share (diluted), on an after-tax basis. Cash flow from operating activities in the second quarter of 2012 was approximately $2 billion, and discretionary cash flow totaled $1.95 billion.


Last week, Director Richard L. George bought 6,000 shares of APC stock. Director Charles W. Goodyear bought 10,000 shares in March, and Senior Vice President, Worldwide Exploration Robert P. Daniels and Chairman and CEO James T. Hackett sold shares in March.


Williams Companies Inc. (WMB): Director Murray D. Smith Bought 3,500 Shares


Director of Williams Companies Inc. (WMB) Murray D. Smith bought 3,500 shares on 08/10/2012 at an average price of $32.24. Williams Companies moves, manages and markets a variety of energy products, including natural gas, liquid hydrocarbons, petroleum and electricity. Williams Companies Inc. has a market cap of $19.93 billion; its shares were traded at around $32.24 with a P/E ratio of 23.3 and P/S ratio of 2.5. The dividend yield of Williams Companies Inc. stocks is 3.8%. Williams Companies, Inc. had an annual average earnings growth of 0.3% over the past 10 years.


On August 1, Williams Companies Inc. announced second-quarter 2012 unaudited net income attributable to Williams of $132 million, or $0.21 per share on a diluted basis, compared with net income of $227 million, or $0.38 per share on a diluted basis for second-quarter 2011. A sharp decline in natural gas liquid (NGL) margins and other factors at Williams Partners, as well as the absence of $56 million in income from discontinued operations in second-quarter 2011, drove the decline in net income during second-quarter 2012. For the first half of 2012, Williams reported net income of $555 million, or $0.90 per share on a diluted basis, compared with net income of $548 million, or $0.92 per share, for the same time period in 2011.


Last week, Director Murray .Smith bought 3,500 shares of WMB stock. In May, Director John A. Hagg bought 10,000 shares. Senior Vice President Corporate Strategic Development James E. Scheel sold 1,016 shares in July and Senior Vice President and CFO Donald R. Chappel sold 10,000 shares in April.


Vornado Realty Trust (VNO): Director Daniel R. Tisch Bought 5,000 Shares


Director of Vornado Realty Trust, Daniel R. Tisch, bought 5,000 shares on 8/10/2012 at an average price of $82.18. Vornado Realty Trust is a fully-integrated real estate investment trust. Vornado Realty Trust has a market cap of $14.83 billion; its shares were traded at around $82.18 with a P/E ratio of 15.8 and P/S ratio of 5.1. The dividend yield of Vornado Realty Trust stocks is 3.5%. Vornado Realty Trust had an annual average earnings growth of 2.6% over the past 10 years.


On August 6, Vornado Realty Trust reported net income attributable to common shareholders for the quarter ended June 30, 2012 was $20.5 million, or $0.11 per diluted share, compared to $91.9 million, or $0.49 per diluted share, for the quarter ended June 30, 2011. Net income for the quarters ended June 30, 2012 and 2011 include $17.1 million and $3.1 million, respectively, of net gains on sale of real estate, and $14.9 million of real estate impairment losses in the quarter ended June 30, 2012.


In August, Director Daniel R. Tisch bought 5,000 shares of VNO stock. In May, President - VNO/Smith Division Mitchell N. Schear and Director Russell B. Wight Jr. sold shares of VNO stock. CFO and Executive Vice President Finance and Administration Joseph Macnow sold 28,066 shares in March.


The McGraw-Hill Companies Inc. (MHP): Director Charles E. Haldeman Bought 3,000 Shares


Director of The McGraw-Hill Companies Inc. Charles E. Haldeman, bought 3,000 shares on 8/13/2012 at an average price of $48.94. The McGraw-Hill Companies Inc. serves business, professional and educational markets around the world with information products and services. The McGraw-Hill Companies Inc. has a market cap of $13.76 billion; its shares were traded at around $48.94 with a P/E ratio of 15.4 and P/S ratio of 2.2. The dividend yield of The McGraw-Hill Companies Inc. stocks is 2.1%. The McGraw-Hill Companies Inc. had an annual average earnings growth of 7.9% over the past 10 years. GuruFocus rated The McGraw-Hill Companies Inc. the business predictability rank of 2.5-star.


On July 26, The McGraw-Hill Companies reported revenue of$1,547 million in the second quarter, a decrease of 1% compared to the same period last year, as a result of a 5% increase at McGraw-Hill Financial and a 12% decline at McGraw-Hill Education. Net income from continuing operations increased 2% to$216 million and diluted earnings per share increased 11% to $0.76.


Last week, Director Charles E. Haldeman bought 3,000 shares of MHP stock. Senior Vice President and Controller Emmanuel N. Korakis and Executive Vice President and General Counsel Kenneth M. Vittor sold shares this month.


[b]Lincoln National Corporation (LNC): Director Gary C. Kelly Bought 2,000 Shares[b]



Director of Lincoln National Corporation, Gary C. Kelly, bought 2,000 shares on 8/14/2012 at an average price of $23.85. Lincoln National Corp. is a holding company. Through subsidiary companies, the company operates multiple insurance and investment management businesses. Lincoln National Corporation has a market cap of $6.55 billion; its shares were traded at around $23.85 with a P/E ratio of 5.6 and P/S ratio of 0.6. The dividend yield of Lincoln National Corporation stocks is 1.4%. Lincoln National Corporation had an annual average earnings growth of 7.6% over the past 10 years.


On August 1, Lincoln Financial Group reported net income for the second quarter of 2012 of $324 million, or $1.10 per diluted share, compared to net income in the second quarter of 2011 of $304 million, or $0.95 per diluted share. Second quarter income from operations was $322 million, or $1.09 per diluted share, compared to $326 million, or $1.01 per diluted share, in the second quarter of 2011.


Last week, Director Gary C. Kelly bought 2,000 shares of LNC stock.


For the complete list of stocks that were bought by their company executives, go to: Insider Buys.