Star-like Object Changing Colors Over Dallas - See Video

• When: October 19th, 2014
• Where: Ellis County (Dallas area)
• What: Orb of light changing colors and vibrating/hovering in the night sky

11/1/2014 Update: A similar object was spotted a week later in El Paso.

A very long and very intriguing YouTube video was recently posted and in it you can see a bright star-like object wiggling in the night sky and changing colors from white to blue to purple to pink and so forth.

Since the object doesn't do any crazy maneuvers, we have to really rely on the witness description (you can listen to it when you watch the video) to make sense of the sighting. As this could simply be a star or satellite that looks weird on camera:

Unidentified Flying Object Over Dallas County
Traveling In A Southeast Direction Towards Ellis County.
October 19, 2014 Approximately 1:50am Sunday Morning.

If you saw this strange orb as well and can verify this UFO sighting, please share your experience with Texas UFO Sightings!