Consider a moon orbiting its planet on a circular orbit. The moon is tidal locked to its planet, and has two permanent bulges, not exactly aligned with the planet. According to Newton's theory of gravitation, the moon should oscillates around its equilibrium alignment with the planet. I'm considering a simple moon represented by two small parts, with gravitationnal force acting on each part. The line joining both parts is confined in the orbital plane only, for simplicity. The moon should behaves like a pendulum. For very small angular displacements $\vartheta$, I've found this differential equation : \begin{equation}\tag{1} \ddot{\vartheta} + \frac{3 G M}{r_{\text{cm}}^3} \, \vartheta = 0, \end{equation} where $M$ is the planet's mass, and $r_{\text{cm}}$ is the distance from the planet to the center of mass of the moon. This is the equation of harmonic oscillations, and the oscillations angular frequency is thus \begin{equation}\tag{2} \Omega = \sqrt{\frac{3 G M}{r_{\text{cm}}^3}}. \end{equation} For our Moon, this gives a period of 15.8 days. On the surface of the Earth, holding a long rod by its center of mass, gives a period of 48.7 minutes (this is too long to be measurable, because of the friction that will stabilize the rod in its equilibrium vertical position. Also, the imprecision in the support would tilt the rod much faster in a direction or another).
Now, I never saw this anywhere, and I need a confirmation that it is right. Searching with Google about moon's oscillations gives me nothing.
I'm very surprised that the moment of inertia doesn't show in the angular frequency formula (2).
EDIT : Here are some details. The moon and its bulges are modeled as a light rod with a spherical mass on each end (dumbell-like moon). The spin angular momentum is defined relative to the center of mass of the moon : \begin{equation}\tag{3} \vec{S} = m_1 \, \vec{\tilde{r}}_1 \times \vec{\tilde{v}}_1 + m_2 \, \vec{\tilde{r}}_2 \times \vec{\tilde{v}}_2, \end{equation} where $m_1 = m_2 = \tfrac{1}{2} \, m_{\text{moon}}$, and vectors with a tilde are defined relative to the center of mass frame. We have $\vec{\tilde{r}}_2 = -\, \vec{\tilde{r}}_1$ (see the picture below).
Using the right hand rule for the cross product, I find this : \begin{equation}\tag{4} S = (m_1 \, \tilde{r}_1^2 + m_2 \, \tilde{r}_2^2) (\omega_{\text{rev}} - \dot{\vartheta}) \equiv I \, \omega_{\text{rot}}. \end{equation} The time derivative of the spin vector is equal to the torque applied on the moon : \begin{align} \frac{d\vec{S}}{dt} &= \vec{\tilde{r}}_1 \times \vec{F}_1 + \vec{\tilde{r}}_2 \times \vec{F}_2 \\[12pt] &= -\, \vec{\tilde{r}}_1 \times \frac{G M m_1}{r_1^3} \, \vec{r}_1 - \vec{\tilde{r}}_2 \times \frac{G M m_2}{r_2^3} \, \vec{r}_2 \\[12pt] &= -\, \frac{G M m}{2} \Big( \frac{1}{r_1^3} \, \vec{\tilde{r}}_1 \times (\vec{r}_{\text{cm}} + \vec{\tilde{r}}_1) + \frac{1}{r_2^3} \, \vec{\tilde{r}}_2 \times (\vec{r}_{\text{cm}} + \vec{\tilde{r}}_2) \Big) \\[12pt] &= -\, \frac{G M m}{2} \Big( \frac{1}{r_1^3} - \frac{1}{r_2^3} \Big) \, \vec{\tilde{r}}_1 \times \vec{r}_{\text{cm}} \tag{5} \end{align} Expanding the last parenthesis to lowest order gives \begin{equation} \frac{1}{r_1^3} - \frac{1}{r_2^3} \approx \frac{6 \, \tilde{r}_1}{r_{\text{cm}}^4} \, \cos{\vartheta}. \end{equation} Substituting this and (4) into equ. (5), using the small angle approximation : $2 \sin{\vartheta} \, \cos{\vartheta} \equiv \sin{2\vartheta} \approx 2 \vartheta$, and simplifying, gives equ. (1).