This ‘object’ is probably a lens effect. Your Out There Editor stands corrected. An explanation appears on another video of precisely the same phenomenon in Port Chester, New York. Here is the explanation from the comments section of the Port Chester video:

I saw and filmed the same phenomena 2 summers ago, but being in the video montage industry, I used a video deshacker (Deshacker for VirtualDub) and analyzed the video frame by frame. It was clear then what I was seeing as a second sun was actually a reflection cause by the lens of the camera because on a few frames, I could see the_ anomaly (second sun) jump up and down compared to the sun. If this was really an object in space, this would never happen. Cheers Dan

Story Source:
http://www.youtube.com/watch?v=s4WaVXWlJfM