Fortran makefile circular dependency dropped - makefile

Question

So I am trying to run a Fortran code from someone else with the Intel Fortran compiler on a mac. But when I try to run the corresponding makefile, I get the error messages "make[1]: Circular release.makefile out <- release.makefile dependency dropped." and so on.
I have little knowledge of Fortran, so I would appreciate any help. I already tested to run some simple helloworld.f90 files and makefiles, to rule out that it is a compiler problem, and those work. However, the code I am trying to run is downloaded from a reputable scientific journal, so I assume the code (makefiles and Fortran files) should be correct too, leaving me at loss. This is my first stackoverflow post, so if I forgot something please let me know.
The makefile is:
release:
# ENV = /opt/intel/oneapi/setvars.sh intel64
make -f release.makefile
debug:
# ENV = /opt/intel/oneapi/setvars.sh intel64
make -f debug.makefile
dsymutil $(OUT).out
hpcrelease:
make -f hpcrelease.makefile
pbs:
make -f pbs.makefile
compilesubmit:
make -f hpcrelease.makefile
make -f pbs.makefile
qsub $(OUT).pbs
.PHONY: clean
clean:
rm -f *.o *.mod *.MOD *genmod* *~
rm -fr *.dSYM
and the file release.makefile writes:
FC = ifort
FCFLAGS = -m64 -traceback -O3 -qopenmp -implicitnone -Wl,-stack_size,0x100000000 -L/Users/josie/Desktop/Uni/Economics/Moll/SuiteSparse-master/lib -lumfpack -lamd -lcholmod -lcolamd -lsuitesparseconfig -lblas
LDFLAFS = -m64 -traceback -O3 -qopenmp -implicitnone -Wl,-stack_size,0x100000000 -L/Users/josie/Desktop/Uni/Economics/Moll/SuiteSparse-master/lib -lumfpack -lamd -lcholmod -lcolamd -lsuitesparseconfig -lblas
# -O3
PROG = $(OUT)
MOD = Parameters.o Globals.o umfpack.o Procedures.o
SUBR = AllocateArrays.o SetParameters.o Grids.o IterateBellman.o HJBUpdate.o cumnor.o rtsec.o StationaryDistribution.o SaveSteadyStateOutput.o DistributionStatistics.o rtbis.o rtflsp.o InitialSteadyState.o FinalSteadyState.o SolveSteadyStateEqum.o Calibration.o MomentConditions.o dfovec.o newuoa-h.o newuob-h.o update.o trsapp-h.o biglag.o bigden.o mnbrak.o golden.o sort2.o CumulativeConsumption.o FnDiscountRate.o OptimalConsumption.o FnHoursBC.o ImpulseResponses.o IRFSequence.o Transition.o SaveIRFOutput.o IterateTransitionStickyRb.o IterateTransOneAssetStickyRb.o FnCapitalEquity.o CumulativeConsTransition.o DiscountedMPC.o DiscountedMPCTransition.o
OBJ = $(MOD) $(SUBR)
$(PROG).out: $(OBJ) Main.o
$(FC) $(FCFLAGS) -o $# $^ $(LDFLAGS)
Main.o: $(MOD)
%: %.o
$(FC) $(FCFLAGS) -o $# $^ $(LDFLAGS)
%.o: %.f90
$(FC) $(FCFLAGS) -c $<
the error I get is
Fortran % make -f makefile
# ENV = /opt/intel/oneapi/setvars.sh intel64
make -f release.makefile
make[1]: Circular release.makefile.out <- release.makefile dependency dropped.
make[1]: Circular Main.f90.out <- Main.f90 dependency dropped.
make[1]: Circular Parameters.f90.out <- Parameters.f90 dependency dropped.
make[1]: Circular Globals.f90.out <- Globals.f90 dependency dropped.
make[1]: Circular umfpack.f90.out <- umfpack.f90 dependency dropped.
make[1]: Circular Procedures.f90.out <- Procedures.f90 dependency dropped.
make[1]: `Main.o' is up to date.
Since the error already occurs with the release.makefile, I refer from giving the other files since I believe the error is the same for all scripts? Correct me if I am wrong and those are necessary.