Continued digging around online and ran across the solution. Reposting here as it was pretty hard to find (Dell server support guys were stumped as well)
Check iDRAC config
racadm getniccfg
Verify which port is in use
(change eno1 to eth1 or whatever your server is configured as)
ethtool eno1
ethtool eno2
ethtool eno3
ethtool eno4
(check last line of output for "Link detected: yes")
Check iDRAC NIC Selection
racadm get iDRAC.NIC.Selection
Set iDRAC to use shared network port LOM1
(look for link detected in output from ethtool above)
racadm set iDRAC.NIC.Selection LOM1
Check iDRAC NIC Selection
racadm get iDRAC.NIC.Selection
Set iDRAC network configuration
racadm setniccfg -s <ipv4_address> <subnetmask> <ipv4_gateway>
Check iDRAC config
racadm getniccfg
You should see something like:
LOM Status:
NIC Selection = LOM1
Link Detected = No
Speed = Unknown
Duplex Mode = Unknown
Active NIC = None
Active LOM in Shared Mode = None
FailOver LOM in Shared Mode = None
Static IPv4 settings:
Static IP Address = <ipv4_address>
Static Subnet Mask = <subnetmask>
Static Gateway = <ipv4_gateway>
To change back from LOM1 to Dedicated
racadm set iDRAC.NIC.Selection 1
Additional iDRAC.NIC options
For a full list of config options use
racadm help iDRAC.NIC
To view full system config
racadm getsysinfo