diff --git a/m4/libtool.m4 b/m4/libtool.m4
index 79a2451e..bb2c9bd2 100644
--- a/m4/libtool.m4
+++ b/m4/libtool.m4
@@ -5229,6 +5229,14 @@ _LT_EOF
 	xl[[cC]]* | bgxl[[cC]]* | mpixl[[cC]]*) # IBM XL C 8.0 on PPC (deal with xlf below)
 	  tmp_sharedflag='-qmkshrobj'
 	  tmp_addflag= ;;
+	xlf* | bgf* | bgxlf* | mpixlf*)
+	  # IBM XL Fortran 16.1 on PPC can create shared libs itself
+	  if test `$CC -qversion | $GREP IBM | $SED -e 's/IBM XL Fortran for Linux, V//' | $SED -e 's/\..*$//'` -ge 16
+	  then
+	    tmp_sharedflag='-qmkshrobj'
+	    tmp_addflag=
+	  fi
+	  ;;
 	nvcc*)	# Cuda Compiler Driver 2.2
 	  _LT_TAGVAR(whole_archive_flag_spec, $1)='$wl--whole-archive`for conv in $convenience\"\"; do test  -n \"$conv\" && new_convenience=\"$new_convenience,$conv\"; done; func_echo_all \"$new_convenience\"` $wl--no-whole-archive'
 	  _LT_TAGVAR(compiler_needs_object, $1)=yes
@@ -5257,14 +5265,17 @@ _LT_EOF
 	  ;;
 	xlf* | bgf* | bgxlf* | mpixlf*)
 	  # IBM XL Fortran 10.1 on PPC cannot create shared libs itself
-	  _LT_TAGVAR(whole_archive_flag_spec, $1)='--whole-archive$convenience --no-whole-archive'
-	  _LT_TAGVAR(hardcode_libdir_flag_spec, $1)='$wl-rpath $wl$libdir'
-	  _LT_TAGVAR(archive_cmds, $1)='$LD -shared $libobjs $deplibs $linker_flags -soname $soname -o $lib'
-	  if test yes = "$supports_anon_versioning"; then
-	    _LT_TAGVAR(archive_expsym_cmds, $1)='echo "{ global:" > $output_objdir/$libname.ver~
-              cat $export_symbols | $SED -e "s/\(.*\)/\1;/" >> $output_objdir/$libname.ver~
-              echo "local: *; };" >> $output_objdir/$libname.ver~
-              $LD -shared $libobjs $deplibs $linker_flags -soname $soname -version-script $output_objdir/$libname.ver -o $lib'
+	  if test `$CC -qversion | $GREP IBM | $SED -e 's/IBM XL Fortran for Linux, V//' | $SED -e 's/\..*$//'` -lt 16
+	  then
+	    _LT_TAGVAR(whole_archive_flag_spec, $1)='--whole-archive$convenience --no-whole-archive'
+	    _LT_TAGVAR(hardcode_libdir_flag_spec, $1)='$wl-rpath $wl$libdir'
+	    _LT_TAGVAR(archive_cmds, $1)='$LD -shared $libobjs $deplibs $linker_flags -soname $soname -o $lib'
+	    if test yes = "$supports_anon_versioning"; then
+	      _LT_TAGVAR(archive_expsym_cmds, $1)='echo "{ global:" > $output_objdir/$libname.ver~
+                cat $export_symbols | $SED -e "s/\(.*\)/\1;/" >> $output_objdir/$libname.ver~
+                echo "local: *; };" >> $output_objdir/$libname.ver~
+                $LD -shared $libobjs $deplibs $linker_flags -soname $soname -version-script $output_objdir/$libname.ver -o $lib'
+	    fi
 	  fi
 	  ;;
 	esac