This chorale survives without text. The text that appears here is the one provided by editors of the Bach Gesellschaft Ausgabe (BGA).
Speculation regarding liturgical occasion: Smend speculates that this chorale may have come from the lost Mark Passion, serving as either the 23rd movement (using verse 6 of O Haupt voll Blut und Wunden) or the 28th movement (using verse 1 of Befiehl du deine Wege). (See NBA III/2.1 KB, p.64 or III/2.2 KB, p.289)