Cate Blanchett Honored by Rooney Mara at Santa Barbara Film Festival!

Cate Blanchett and Rooney Mara pose together in the Moet & Chandon Lounge backstage at the 2014 Santa Barbara International Film Festival at the Arlington Theater on Saturday (February 1) in Santa Barbara, Calif.

The 44-year-old Blue Jasmine actress was awarded the Outstanding Performance of the Year Award and Rooney was on hand to present her with the prize!

Cate and Rooney will soon start work on their upcoming movie Carol. The film is set in 1950s New York and follows a “20-something clerk (Mara) working in a department store and dreaming of a better life who falls for an older, married woman (Blanchett).”

Also pictured inside: Cate arriving at LAX Airport earlier in the day looking super chic in a suit.

FYI: Cate is wearing a Maison Martin Margiela dress and Casadei shoes.

10+ pictures inside of Cate Blanchett and Rooney Mara at the film festival…