siteing of a strange object.

It was late and dark, and I was lying on my back on the sidewalk in front of my residence looking thru binoculars I had just gotten for my birthday in July.  Gazing up into the night time at the stars and focused on one particular that was on a movement in a paralelle manner traveling from the south to the north when it dissapeared behind another star (light) larger that itself.  Waiting for it to come thru on the other side and it seemed like ages, but it came out going in the direction it had came from(south)???? It was traveling at a good rate of speed too.    I was somewhat flaborgasted by the results and told my wife about the incident at the time and did think it was unusual?? I kept this to myself all these years, but did occasionally tell of this to a few individuals.
Date and time are approximate.  We have assigned artificial values for both.  We wonder if the witness may have observed a satellite, which reflects sunlight intermittently.  That is a guess.  PD