On Nov. 25 at 2:30a.m. from southern California while viewing the moon with a 70mm D x 400mm F telescope a point of light was seen at about the 7 o'clock position below the moon. As viewed the point of light was clear and seemed to be tracking with the moon. As I tracked the moon the point of light stayed within the same distance and in view. If it was a planet or star wouldn't they track slightly different than the moon ?
The answer to the headline question is clearly: No.
The full moon has an apparent diameter of about 0.5°. Its apparent motion is roughly 360°/24h, neglecting the orbital motion of Earth and Moon. Hence it apparently moves about 24h*0.5°/360° = 0.033h = 2 min. Hence the moon moves one moon diameter in about 2 min. (The neglected orbital motion induces an error of about 3.65% (0.997d/27.3d), divide the siderial Earth day by a siderial moon orbit, hence an error of just a few seconds for the apparent motion of 0.5°.) In 35 minutes, Moon's apparent motion would be about 17 moon diameters.
The geosynchronous satellite, in contrast, remains staying at the same apparent position, by definition.
Planets or stars move apparently about the above error estimate different from the moon, hence roughly 27.3-times slower relative to the apparent moon than a geosynchronous satellite.