There is no static equilibrium, but you can have a dynamic equilibrium (in Newtonian gravitational physics).
To prove that there is not static equilibrium, observe that this would require a local minimum in the gravitational potential. However in regions where
there is no matter present
the gravitational potential satisfies a differential equation named after Laplace. This equation reduces to the following form near any stationary point (a point where the potential is either max or min or a sadle shape):
$$
a_x + a_y + a_z = 0 \tag{1}
$$
where $a_x$, $a_y$ and $a_z$ are coefficients describing the gravitational potential $\phi$ near a point $(x_0, y_0, z_0)$, like this:
$$
\phi(x,y,z) = a_x(x-x_0)^2 + a_y (y-y_0)^2 + a_z (z-z_0)^2.
$$
To have a local minimum would require $a_x >0, \;a_y>0,\; a_z>0$ but equation (1) rules this out.
Coming now to the dynamical case, we have that two bodies can orbit in circular or elliptical orbits about their common centre of mass, and this situation is stable. So there can be a dynamic equilibrium of this kind.
With three or more bodies it is not so clear.
This was a problem that famously bothered Newton. He thought that the solar system, for example, must be unstable and small perturbations would therefore grow, and therefore there must be a further contribution to the dynamics in order for the solar system to last so long without coming apart. Laplace analysed the situation more deeply and argued that the solar system was stable. It turns out that Newton was not entirely wrong, however, since in fact the tumbling motion of asteroids introduces an element of chaos into the solar system, such that it is unstable on very very long timescales (longer than the lifetime of the Sun).
(This question of stability is related to a famous anecdote that became an urban myth, one that still lives among those with amateur-level knowledge of philosophy and the history of science. The myth is that Laplace made a clever reply to a provocative question from Napoleon, in which (so the myth goes) God should be treated as a hypothesis, and the hypothesis is not required, in the opinion of Laplace. This reply was beloved by atheists so it got preserved and turned into a kind of knowing joke. In fact Laplace was merely questioning the need to invoke a further intermittent action by the real ground of all things (i.e. God), over and above making the solar system be the kind of physical system that it is, in order to achieve stability.)